FCBM CIO reports 49,000-share insider stake
First Carolina Financial Services, Inc. executive Patrick Wayne Pritchard, Chief Information Officer of the bank, reported initial beneficial ownership of 49,000 shares of Common Stock on a Form 3.
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Form Type
3
Rhea-AI Filing Summary
First Carolina Financial Services, Inc. executive Patrick Wayne Pritchard, Chief Information Officer of the bank, reported initial beneficial ownership of 49,000 shares of Common Stock on a Form 3. This total includes multiple restricted stock awards granted between 2023 and 2026 with multi‑year vesting schedules.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pritchard Patrick Wayne
Role
Chief Info. Officer of Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 49,000 shares (Direct)
Footnotes (1)
- F1. Includes (i) 4,000 restricted stock awards ("RSAs") granted on June 1, 2023 that vest in five substantially equal installments beginning on January 1, 2024 and each anniversary thereafter; (ii) 15,000 RSAs granted on January 1, 2024 that vest in ten substantially equal annual installments on the first ten anniversaries of the grant date; (iii) 20,000 RSAs granted on January 1, 2025 that vest in ten substantially equal annual installments on the first ten anniversaries of the grant date; and (iv) 10,000 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 held: 49,000 shares
2023 RSAs: 4,000 shares
2024 RSAs: 15,000 shares
+2 more
5 metrics
Common Stock held
49,000 shares
Total beneficial ownership reported on Form 3
2023 RSAs
4,000 shares
Restricted stock awards granted June 1, 2023; 5 annual installments from Jan 1, 2024
2024 RSAs
15,000 shares
Restricted stock awards granted January 1, 2024; 10 annual installments
2025 RSAs
20,000 shares
Restricted stock awards granted January 1, 2025; 10 annual installments
2026 RSAs
10,000 shares
Restricted stock awards granted April 1, 2026; 5 annual installments from Jan 1, 2027
Key Terms
restricted stock awards, vest in five substantially equal installments, vest in ten substantially equal annual installments, beneficial ownership
4 terms
restricted stock awards financial
"Includes (i) 4,000 restricted stock awards ("RSAs") granted on June 1, 2023 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.
vest in five substantially equal installments financial
"granted on June 1, 2023 that vest in five substantially equal installments beginning on January 1, 2024..."
vest in ten substantially equal annual installments financial
"RSAs granted on January 1, 2024 that vest in ten substantially equal annual installments..."
beneficial ownership financial
"reported initial beneficial ownership of 49,000 shares of Common Stock on a Form 3."
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 did Patrick Wayne Pritchard report at FCBM?
Patrick Wayne Pritchard reported beneficial ownership of 49,000 shares of First Carolina Financial Services Common Stock. This reflects his initial holdings as Chief Information Officer of the bank, including both fully owned shares and restricted stock awards with future vesting.
How many restricted stock awards does FCBM executive Pritchard hold?
Pritchard’s 49,000-share position includes several restricted stock awards. Footnotes list grants of 4,000, 15,000, 20,000, and 10,000 shares issued from 2023 through 2026, each vesting in substantially equal annual installments over five or ten years.
When do Patrick Pritchard’s 2023 restricted stock awards at FCBM vest?
The 4,000 restricted stock awards granted on June 1, 2023 vest in five substantially equal installments. Vesting began on January 1, 2024 and continues on each anniversary date, aligning compensation with long-term service at the bank.
What are the vesting terms of Pritchard’s 2024 and 2025 FCBM restricted stock awards?
The 15,000 RSAs granted on January 1, 2024 and the 20,000 RSAs granted on January 1, 2025 each vest in ten substantially equal annual installments. Vesting occurs on the first ten anniversaries of their respective grant dates, promoting long-term retention.
When will Patrick Pritchard’s April 1, 2026 restricted stock grant at FCBM start vesting?
The 10,000 restricted stock awards granted on April 1, 2026 vest in five substantially equal installments. Vesting begins on January 1, 2027 and continues annually thereafter, extending his equity-based incentive over several years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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