Director reports initial FCBM share ownership
First Carolina Financial Services director Paul Charles Albert III has filed an initial Form 3 reporting his ownership of the company’s common stock.
Rhea-AI Filing Summary
First Carolina Financial Services director Paul Charles Albert III has filed an initial Form 3 reporting his ownership of the company’s common stock. The filing shows indirect ownership of 96,000 shares held by Harbor Island Capital, LLC, and direct ownership of 113,576 shares.
The direct holdings include several grants of restricted stock awards that vest over time, with awards granted on January 1 of 2019, 2024, 2025, and 2026 under varying multi‑year vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Paul Charles Albert III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 113,576 shares (Direct);
Common Stock — 96,000 shares (Indirect, By Harbor Island Capital, LLC)
Footnotes (1)
- F1. Includes (i) 10,000 restricted stock awards ("RSAs") granted on January 1, 2019 that vest in ten substantially equal annual installments on the first ten anniversaries of the grant date; (ii) 6,048 RSAs granted on January 1, 2024 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (iii) 6,600 RSAs granted on January 1, 2025 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (iv) 5,086 RSAs granted on January 1, 2026 that vest on the first anniversary of the grant date; and (v) 4,914 RSAs granted on January 1, 2026 that vest in five substantially equal annual installments on the first five anniversaries of the grant date.
Key Figures
Indirect common shares: 96,000 shares
Direct common shares: 113,576 shares
2019 RSA grant: 10,000 shares
+4 more
7 metrics
Indirect common shares
96,000 shares
Indirect ownership by Harbor Island Capital, LLC as of Form 3
Direct common shares
113,576 shares
Direct ownership as of Form 3
2019 RSA grant
10,000 shares
Restricted stock awards granted January 1, 2019
2024 RSA grant
6,048 shares
Restricted stock awards granted January 1, 2024
2025 RSA grant
6,600 shares
Restricted stock awards granted January 1, 2025
2026 RSA grant (single-year vest)
5,086 shares
Restricted stock awards granted January 1, 2026, vesting after one year
2026 RSA grant (five-year vest)
4,914 shares
Restricted stock awards granted January 1, 2026, vesting over five years
Key Terms
Form 3, restricted stock awards, RSAs, indirect ownership, +1 more
5 terms
Form 3 regulatory
"First Carolina Financial Services director Paul Charles Albert III has filed an initial Form 3 reporting his ownership"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
restricted stock awards financial
"The direct holdings include several grants of restricted stock awards that vest over time"
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
"Includes (i) 10,000 restricted stock awards ("RSAs") granted on January 1, 2019"
indirect ownership financial
"The filing shows indirect ownership of 96,000 shares held by Harbor Island Capital, LLC"
Harbor Island Capital, LLC financial
"indirect ownership of 96,000 shares held by Harbor Island Capital, LLC"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing by Paul Charles Albert III at FCBM report?
The Form 3 filing reports Paul Charles Albert III’s initial ownership of First Carolina Financial Services common stock, including 96,000 shares held indirectly through Harbor Island Capital, LLC and 113,576 shares held directly, some of which are restricted stock awards that vest over multiple years.
What restricted stock awards are included in Paul Charles Albert III’s FCBM direct holdings?
His direct holdings include 10,000 restricted stock awards granted January 1, 2019, plus additional RSAs of 6,048 in 2024, 6,600 in 2025, and two 2026 grants of 5,086 and 4,914 shares, all subject to specified multi‑year vesting schedules outlined in the filing.
Does the FCBM Form 3 show any recent stock purchases or sales by Paul Charles Albert III?
No specific purchases or sales are identified; the Form 3 primarily reports his existing holdings in First Carolina Financial Services common stock, both direct and indirect. The transactions are coded as holdings entries rather than open‑market buys, sells, or derivative exercises.
AI-generated analysis. How Rhea-AI works. Not financial advice.
