Director discloses FCBM stock and RSA holdings
First Carolina Financial Services, Inc. director Vincent Charles Andracchio II filed an initial ownership report showing only holdings, not new trades.
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Form Type
3
Rhea-AI Filing Summary
First Carolina Financial Services, Inc. director Vincent Charles Andracchio II filed an initial ownership report showing only holdings, not new trades. He reports 92,426 shares of common stock held directly, plus additional indirect interests through entities and family trusts, including Guardian Holdings, his living trust, several Dunn family trusts, and his spouse. The direct position includes multiple restricted stock awards granted between 2017 and 2026 with vesting schedules extending through 2027.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Andracchio Vincent Charles II
Role
Director
| 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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 92,426 shares (Direct);
Common Stock — 1,400 shares (Indirect, By spouse);
Common Stock — 77,624 shares (Indirect, By L.A. Dunn, Jr. Marital Trust B);
Common Stock — 5,000 shares (Indirect, By Sylvia B. Andracchio Family Trust);
Common Stock — 80,942 shares (Indirect, By L.A. Dunn, Jr. Family Trust A);
Common Stock — 216,284 shares (Indirect, By Leon Algernon Dunn, Jr. Irrevocable Life Insurance Trust);
Common Stock — 25,284 shares (Indirect, By Vincent C. Andracchio Living Trust);
Common Stock — 75,228 shares (Indirect, By Guardian Holdings, Inc.)
Footnotes (1)
- F1. Includes (i) 13,000 restricted stock awards ("RSAs") granted on July 1, 2017 that vest in ten substantially equal annual installments with the last vesting date occurring on January 1, 2027; (ii) 1,000 RSAs granted on January 1, 2019 that vest in ten substantially equal annual installments on the first ten anniversaries of the grant date; (iii) 5,548 RSAs granted on January 1, 2024 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (iv) 5,314 RSAs granted on January 1, 2025 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (v) 5,486 RSAs granted on January 1, 2026 that vest on the first anniversary of the grant date; and (vi) 4,514 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
Direct common stock holding: 92,426 shares
Guardian Holdings indirect stake: 75,228 shares
Living Trust indirect stake: 25,284 shares
+5 more
8 metrics
Direct common stock holding
92,426 shares
Common Stock held directly following report
Guardian Holdings indirect stake
75,228 shares
Common Stock held indirectly by Guardian Holdings, Inc.
Living Trust indirect stake
25,284 shares
Common Stock held indirectly by Vincent C. Andracchio Living Trust
Marital Trust B stake
77,624 shares
Common Stock held indirectly by L.A. Dunn, Jr. Marital Trust B
Family Trust A stake
80,942 shares
Common Stock held indirectly by L.A. Dunn, Jr. Family Trust A
2017 RSA grant
13,000 RSAs
Granted July 1, 2017, vesting in ten annual installments to Jan 1, 2027
2026 one-year RSA grant
5,486 RSAs
Granted Jan 1, 2026, vesting on first anniversary
2026 five-year RSA grant
4,514 RSAs
Granted Jan 1, 2026, vesting in five annual installments
Key Terms
restricted stock awards ("RSAs"), indirect, Irrevocable Life Insurance Trust, Marital Trust B, +1 more
5 terms
restricted stock awards ("RSAs") financial
"Includes (i) 13,000 restricted stock awards ("RSAs") granted on July 1, 2017 that vest..."
indirect financial
""ownership_type": "indirect", "ownership_code": "I""
Irrevocable Life Insurance Trust financial
"By Leon Algernon Dunn, Jr. Irrevocable Life Insurance Trust"
Marital Trust B financial
"By L.A. Dunn, Jr. Marital Trust B"
restricted stock awards financial
"5,486 RSAs granted on January 1, 2026 that vest on the first anniversary"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Vincent C. Andracchio II report in his Form 3 for FCBM?
He reports existing holdings of First Carolina Financial Services common stock, not new trades. This includes 92,426 shares held directly and additional indirect interests through Guardian Holdings, a living trust, multiple family trusts, and shares held by his spouse.
What indirect FCBM holdings are disclosed for Andracchio in this filing?
The filing lists indirect holdings in First Carolina Financial Services common stock through Guardian Holdings, Inc., the Vincent C. Andracchio Living Trust, multiple Dunn family trusts, the Sylvia B. Andracchio Family Trust, and shares held by his spouse, all categorized as indirect ownership.
Are there any restricted stock awards (RSAs) included in Andracchio’s FCBM holdings?
Yes. The footnote states his holdings include several RSA grants, such as 13,000 RSAs from July 1, 2017 and additional awards from 2019, 2024, and 2025–2026 that vest in scheduled annual installments over multiple future years.
Does this FCBM Form 3 show any insider buying or selling activity?
No. The report is an initial statement of beneficial ownership and shows only holdings. Transaction codes are not buy or sell entries, and the transaction summary indicates no net buying or selling of First Carolina Financial Services shares.
How long do Andracchio’s FCBM restricted stock awards continue vesting?
The RSAs have staggered vesting schedules, with some 2017 awards vesting in ten annual installments through January 1, 2027, and later grants from 2019 and 2024–2026 vesting over five- or ten-year periods from their respective grant dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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