First Carolina (NASDAQ: FCBM) director Lucas details direct and indirect share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
First Carolina Financial Services director James A. Lucas Jr. filed an initial ownership report showing his holdings of the company’s common stock. He reports 423,884 shares held directly, plus additional indirect holdings through The Brother's Fund, LLC, Springfield Development Corp, several James A. Lucas Sr Testamentary Trusts, and by his spouse.
The direct holdings figure includes multiple restricted stock awards that vest over time, reflecting a mix of long-term equity incentives granted between 2019 and 2026. This filing does not report any new purchases or sales, only Lucas’s beneficial ownership position as of the reporting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
LUCAS JAMES A JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 423,884 shares (Direct, null);
Common Stock — 9,300 shares (Indirect, By spouse)
Footnotes (1)
- [object Object]
Key Figures
Direct common stock holdings: 423,884 shares
Indirect via The Brother's Fund, LLC: 19,650 shares
Indirect via Springfield Development Corp: 138,906 shares
+5 more
8 metrics
Direct common stock holdings
423,884 shares
Common Stock held directly following reporting date
Indirect via The Brother's Fund, LLC
19,650 shares
Common Stock held indirectly by The Brother's Fund, LLC
Indirect via Springfield Development Corp
138,906 shares
Common Stock held indirectly by Springfield Development Corp
Indirect via Trust C-2
51,600 shares
Common Stock held by James A. Lucas Sr Testamentary Trust C-2
Spouse-held shares
9,300 shares
Common Stock held indirectly by spouse
2019 restricted stock award
10,000 RSAs
Granted January 1, 2019, vesting over ten annual installments
2024 restricted stock award
5,984 RSAs
Granted January 1, 2024, vesting over five annual installments
2026 single-year RSA grant
5,028 RSAs
Granted January 1, 2026, vesting on first anniversary
Key Terms
restricted stock awards, RSAs, Testamentary Trust, indirect ownership, +1 more
5 terms
restricted stock awards financial
"Includes (i) 10,000 restricted stock awards ("RSAs") granted on January 1, 2019 that vest..."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
RSAs financial
"10,000 restricted stock awards ("RSAs") granted on January 1, 2019 that vest..."
Testamentary Trust financial
"By James A. Lucas Sr Testamentary Trust C-1"
indirect ownership financial
"ownership_type": "indirect""
beneficial ownership financial
"This filing does not report any new purchases or sales, only Lucas’s beneficial ownership position..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What does James A. Lucas Jr report owning in First Carolina Financial Services (FCBM)?
He reports owning common stock of First Carolina Financial Services, including 423,884 shares held directly plus additional shares held indirectly through LLCs, family testamentary trusts, and by his spouse, reflecting his overall beneficial ownership position in the company.
Is the Form 3 for FCBM a buy or sell transaction by James A. Lucas Jr?
This Form 3 does not report any buy or sell transactions. It is an initial ownership filing that simply lists the number of First Carolina Financial Services shares he beneficially owns directly and indirectly as of the reporting date.
What restricted stock awards are included in James A. Lucas Jr’s FCBM holdings?
His holdings include 10,000 RSAs granted in 2019, plus additional RSAs of 5,984 (2024), 6,700 (2025), and two 2026 RSA grants of 5,028 and 4,972, all vesting in specified annual or single installments.