FCNCA insider reports bona fide stock gifts
FIRST CITIZENS BANCSHARES INC /DE/ insider Olivia Britton Holding reported charitable-style transfers of First Citizens stock held through a trust.
Rhea-AI Filing Summary
FIRST CITIZENS BANCSHARES INC /DE/ insider Olivia Britton Holding reported charitable-style transfers of First Citizens stock held through a trust. On Class A Common, the Olivia B. Holding Revocable Trust made bona fide gifts of 10 and 130 shares, while 168 Class B Common shares were also gifted, all at $0.00 per share. Following these gifts, the trust’s reported indirect holdings were 537,541 Class A shares and 122,094 Class B shares. Additional lines list indirect holdings in various trusts and entities, with the filer disclaiming beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
308 shares gifted
Gift
20 txns
Insider
Holding Olivia Britton
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common | 10 | $0.00 | $0.00 |
| Gift | Class A Common | 130 | $0.00 | $0.00 |
| Gift | Class B Common | 168 | $0.00 | $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 B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Depositary Shares | -- | -- | -- |
| holding | Depositary Shares | -- | -- | -- |
| holding | Depositary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Common — 537,541 shares (Indirect, By Olivia B. Holding Revocable Trust);
Class B Common — 122,094 shares (Indirect, By Olivia B. Holding Revocable Trust);
Class A Common — 10,544 shares (Indirect, As beneficiary of a trust);
Class A Common — 12,152 shares (Indirect, CoTrustee of P. M. Bristow 2019 Irr Family Trust);
Class A Common — 2,675 shares (Indirect, By Holding Properties, LLC);
Class A Common — 827 shares (Indirect, By E&F Properties, Inc.);
Class A Common — 12,530 shares (Indirect, By Twin States Farming, Inc.);
Class A Common — 192,063 shares (Indirect, By Southern BancShares (N.C.), Inc and subsidiary);
Class A Common — 174,469 shares (Indirect, By YVC Holdings, Inc.);
Class A Common — 100,000 shares (Indirect, By Fidelity BancShares (N.C.), Inc.);
Class B Common — 1,225 shares (Indirect, As beneficiary of a trust);
Class B Common — 2,156 shares (Indirect, By Holding Properties, LLC);
Class B Common — 200 shares (Indirect, By E&F Properties, Inc.);
Class B Common — 1,764 shares (Indirect, By Twin States Farming, Inc.);
Class B Common — 22,619 shares (Indirect, By Southern BancShares (N.C.), Inc.);
Class B Common — 4,480 shares (Indirect, By YVC Holdings, Inc.);
Depositary Shares — 22,000 shares (Indirect, By Holding Properties, LLC);
Depositary Shares — 198,945 shares (Indirect, By Southern BancShares (N.C.), Inc.);
Depositary Shares — 200,000 shares (Indirect, By Fidelity BancShares (N.C.), Inc.)
Footnotes (2)
- F1. The reporting person is a director, officer, manager and/or shareholder of the companies that own these shares, but she disclaims beneficial ownership of the listed shares except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
- F2. Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.
FAQ
What insider transaction did Olivia Britton Holding report for FCNCA?
Olivia Britton Holding reported bona fide gifts of First Citizens shares held through the Olivia B. Holding Revocable Trust. The filing shows gifts of 10 and 130 Class A Common shares and 168 Class B Common shares, all at $0.00 per share, indicating no sale proceeds.
Were the FCNCA insider transactions reported as sales or gifts?
The transactions were reported as bona fide gifts, not sales. Each entry carries transaction code G, described as a bona fide gift, with a transaction price per share of $0.00, showing the transfers did not generate cash proceeds for the reporting person or the trust entities.
What other indirect FCNCA holdings are associated with Olivia Britton Holding?
The filing lists multiple indirect holdings in Class A and Class B Common and Depositary Shares through entities such as Holding Properties, LLC, Southern BancShares (N.C.), Inc., YVC Holdings, Inc., and others, with share counts like 192,063 Class A via Southern BancShares and 174,469 via YVC Holdings.
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