First Citizens (FCNCA) CEO reports family share gifts and large holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST CITIZENS BANCSHARES INC /DE/ director and CEO Frank B. Holding Jr. reported small family gifts of Class B shares. On April 10, 2026, entities for which he acts as custodian made three bona fide gifts of Class B Common, each transferring 33 shares with no consideration reported.
These gifts came from custodial accounts for James Freeman Bailey Jr., Royall Holding Bailey, and Jones Powell Bailey. After the gifts, those accounts still hold 4,924, 4,767, and 5,125 Class B shares, respectively, as indirect holdings. The filing also updates his broader ownership, including 202,117 Class A shares held directly and substantial additional Class A and Class B positions held indirectly through trusts, spouse, and 2025 GRAT vehicles.
Positive
- None.
Negative
- None.
Insider Trade Summary
99 shares gifted
Mixed
18 txns
Insider
HOLDING FRANK B JR
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common | 33 | $0.00 | -- |
| Gift | Class B Common | 33 | $0.00 | -- |
| Gift | Class B Common | 33 | $0.00 | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
Holdings After Transaction:
Class B Common — 4,924 shares (Indirect, As custodian for James Freeman Bailey, Jr.);
Class A Common — 202,117 shares (Direct);
Class A Common — 11,140 shares (Indirect, As beneficiary of a trust);
Class B Common — 2,841 shares (Direct)
Footnotes (1)
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Key Figures
Total Class B shares gifted: 99 shares
Per-account Class B gift: 33 shares
Class B remaining for James Freeman Bailey Jr.: 4,924 shares
+5 more
8 metrics
Total Class B shares gifted
99 shares
Bona fide gifts on April 10, 2026
Per-account Class B gift
33 shares
Each of three custodial accounts on April 10, 2026
Class B remaining for James Freeman Bailey Jr.
4,924 shares
Indirect custodial holding after gift
Direct Class A holding
202,117 shares
Direct ownership following reported date
Class A in 2025 #1 GRAT
106,000 shares
Indirect holding via Frank B. Holding Jr. 2025 #1 GRAT
Class A in 2025 #2 GRAT
106,000 shares
Indirect holding via Frank B. Holding Jr. 2025 #2 GRAT
Class A in Ruth P. Holding 2025 GRAT
115,000 shares
Indirect holding via spouse as trustee
Direct Class B holding
2,841 shares
Direct Class B ownership line as of April 10, 2026
Key Terms
bona fide gift, custodian, GRAT, indirect ownership, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
custodian financial
"nature_of_ownership": "As custodian for James Freeman Bailey, Jr.""
A custodian is a financial institution that holds and safeguards an investor's assets—such as stocks, bonds, or cash—and records transactions on the investor's behalf. Think of it as a trusted caretaker or safe-deposit box for investments; it helps prevent loss or theft, handles paperwork and transfers, and provides transparency and regulatory checks, so investors can focus on decisions rather than the mechanics or security of asset storage.
GRAT financial
"nature_of_ownership": "Frank B. Holding Jr. 2025 #1 GRAT""
indirect ownership financial
"ownership_type": "indirect", "ownership_code": "I""
Section 16 regulatory
"beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transactions did FCNCA Chairman Frank B. Holding Jr. report on April 10, 2026?
He reported three bona fide gifts of Class B Common Stock, each transferring 33 shares from custodial accounts for family members. These are non-cash dispositions and not open-market sales, reflecting estate or family planning rather than trading activity.
What are Frank B. Holding Jr.’s direct Class A holdings in FCNCA after these transactions?
The Form 4 lists 202,117 shares of Class A Common Stock held directly after the reported date. This figure represents his direct ownership only and is separate from additional indirect stakes held through trusts, GRATs, custodial accounts, and his spouse.
What indirect First Citizens Class A holdings are reported for Frank B. Holding Jr. in GRATs?
The filing shows 106,000 Class A shares in the Frank B. Holding Jr. 2025 #1 GRAT and another 106,000 Class A shares in the 2025 #2 GRAT. It also reports 115,000 Class A shares held indirectly via the Ruth P. Holding 2025 GRAT where his spouse is trustee.
How does this FCNCA Form 4 treat beneficial ownership for the reported securities?
A footnote states that the reporting person disclaims beneficial ownership of the referenced securities. It clarifies the report should not be deemed an admission of beneficial ownership for Section 16 purposes or for any other legal or regulatory purpose.