FCBM chair Day reports 379,600-share ownership
First Carolina Financial Services, Inc. director and executive officer Ronald Arvin Day reported his ownership of 379,600 shares of Common Stock, held directly.
Rhea-AI Filing Summary
First Carolina Financial Services, Inc. director and executive officer Ronald Arvin Day reported his ownership of 379,600 shares of Common Stock, held directly. This filing is a statement of his current holdings rather than a new purchase or sale.
The reported amount includes several grants of restricted stock awards (RSAs): 30,000 RSAs granted on January 1, 2022 that vest in five equal annual installments; 40,000 RSAs granted on May 1, 2023 that vest in ten equal installments beginning on January 1, 2024; 44,000 RSAs granted on January 1, 2024 that vest in ten equal annual installments; 40,000 RSAs granted on January 1, 2025 that vest in ten equal annual installments; and 12,000 RSAs granted on April 1, 2026 that vest in five equal installments beginning on January 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Day Ronald Arvin
Role
Chairman, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 379,600 shares (Direct)
Footnotes (1)
- F1. Includes (i) 30,000 restricted stock awards ("RSAs") granted on January 1, 2022 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (ii) 40,000 RSAs granted on May 1, 2023 that vest in ten substantially equal installments beginning on January 1, 2024 and each anniversary thereafter; (iii) 44,000 RSAs granted on January 1, 2024 that vest in ten substantially equal annual installments on the first ten anniversaries of the grant date; (iv) 40,000 RSAs granted on January 1, 2025 that vest in ten substantially equal annual installments on the first ten anniversaries of the grant date; and (v) 12,000 RSAs granted on April 1, 2026 that vest in five substantially equal installments beginning on January 1, 2027 and each anniversary thereafter.
Key Figures
Common stock owned: 379,600 shares
2022 RSA grant: 30,000 shares
2023 RSA grant: 40,000 shares
+3 more
6 metrics
Common stock owned
379,600 shares
Total shares of Common Stock held directly after reported holdings
2022 RSA grant
30,000 shares
Restricted stock awards granted January 1, 2022, vesting over five annual installments
2023 RSA grant
40,000 shares
Restricted stock awards granted May 1, 2023, vesting in ten installments starting January 1, 2024
2024 RSA grant
44,000 shares
Restricted stock awards granted January 1, 2024, vesting in ten substantially equal annual installments
2025 RSA grant
40,000 shares
Restricted stock awards granted January 1, 2025, vesting in ten substantially equal annual installments
2026 RSA grant
12,000 shares
Restricted stock awards granted April 1, 2026, vesting in five installments beginning January 1, 2027
Key Terms
restricted stock awards, RSAs, vest, beneficial ownership
4 terms
restricted stock awards financial
"Includes (i) 30,000 restricted stock awards ("RSAs") granted on January 1, 2022..."
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
"40,000 RSAs granted on May 1, 2023 that vest in ten substantially equal installments..."
vest financial
"RSAs granted on January 1, 2024 that vest in ten substantially equal annual installments..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
beneficial ownership financial
"This filing is a statement of his current holdings rather than a new purchase or sale."
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider position does Ronald Arvin Day hold at First Carolina Financial Services (FCBM)?
Ronald Arvin Day is reported as a director and an officer of First Carolina Financial Services, Inc., serving as Chairman, President and CEO. This role means he is both on the board and in senior management.
What restricted stock awards has Ronald Arvin Day received from First Carolina Financial Services (FCBM)?
He has multiple restricted stock awards (RSAs), including grants of 30,000 shares on January 1, 2022, 40,000 on May 1, 2023, 44,000 on January 1, 2024, 40,000 on January 1, 2025, and 12,000 on April 1, 2026.
How do Ronald Arvin Day’s 2022 and 2026 restricted stock awards at FCBM vest?
The 30,000 RSAs granted on January 1, 2022 vest in five substantially equal annual installments. The 12,000 RSAs granted on April 1, 2026 vest in five substantially equal installments beginning on January 1, 2027 and each anniversary thereafter.
What are the vesting terms for Ronald Arvin Day’s 2023, 2024 and 2025 RSAs at First Carolina Financial Services (FCBM)?
The 40,000 RSAs granted May 1, 2023 vest in ten substantially equal installments starting January 1, 2024. The 44,000 and 40,000 RSAs granted January 1, 2024 and January 1, 2025 each vest in ten substantially equal annual installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
