FCNCA chair reports 99-share stock gifts, updates holdings
FIRST CITIZENS BANCSHARES INC /DE/ Chairman and CEO Frank B. Holding Jr. reported routine updates to his direct and indirect holdings of Class A and Class B Common stock.
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Form Type
4
Rhea-AI Filing Summary
FIRST CITIZENS BANCSHARES INC /DE/ Chairman and CEO Frank B. Holding Jr. reported routine updates to his direct and indirect holdings of Class A and Class B Common stock. The Form 4 shows bona fide gifts totaling 99 Class B shares, made as custodian for three family members at no stated price.
The filing also lists post-transaction balances for shares held directly, by spouse, and through multiple trusts and 2025 GRATs. A footnote states that Holding Jr. disclaims beneficial ownership of these securities for Section 16 and other purposes.
Insider Trade Summary
99 shares gifted
Gift
18 txns
Insider
HOLDING FRANK B JR
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common | 33 | $0.00 | $0.00 |
| Gift | Class B Common | 33 | $0.00 | $0.00 |
| Gift | Class B Common | 33 | $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 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 — 4,957 shares (Indirect, As custodian for James Freeman Bailey, Jr.);
Class B Common — 4,800 shares (Indirect, As custodian for Royall Holding Bailey);
Class B Common — 5,158 shares (Indirect, As custodian for Jones Powell Bailey);
Class A Common — 202,117 shares (Direct);
Class A Common — 11,140 shares (Indirect, As beneficiary of a trust);
Class A Common — 3,728 shares (Indirect, By Spouse);
Class A Common — 3,416 shares (Indirect, As custodian for James Freeman Bailey, Jr.);
Class A Common — 1,591 shares (Indirect, As custodian for Royall Holding Bailey);
Class A Common — 317 shares (Indirect, As custodian for Jones Powell Bailey);
Class A Common — 106,000 shares (Indirect, Frank B. Holding Jr. 2025 #1 GRAT);
Class A Common — 106,000 shares (Indirect, Frank B. Holding Jr. 2025 #2 GRAT);
Class A Common — 115,000 shares (Indirect, By Spouse as Trustee for the Ruth P. Holding 2025 GRAT);
Class B Common — 2,841 shares (Direct);
Class B Common — 2,527 shares (Indirect, As beneficiary of a trust);
Class B Common — 1,160 shares (Indirect, By Spouse);
Class B Common — 32,171 shares (Indirect, Frank B. Holding Jr. 2025 #1 GRAT);
Class B Common — 32,150 shares (Indirect, Frank B. Holding Jr. 2025 #2 GRAT);
Class B Common — 32,300 shares (Indirect, By Spouse as Trustee for the Ruth P. Holding 2025 GRAT)
Footnotes (1)
- F1. The reporting person disclaims beneficial ownership of these securities, 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.
Key Figures
Gifted Class B shares: 99 shares
Per-gift transfer size: 33 shares
Direct Class A holdings: 202,117 shares
+5 more
8 metrics
Gifted Class B shares
99 shares
Total bona fide gifts on Class B Common
Per-gift transfer size
33 shares
Each of three G-code Class B gift transactions
Direct Class A holdings
202,117 shares
Class A Common held directly after transactions
Direct Class B holdings
2,841 shares
Class B Common held directly after transactions
Class A in 2025 #1 GRAT
106,000 shares
Indirect Class A Common via Frank B. Holding Jr. 2025 #1 GRAT
Class B in 2025 #1 GRAT
32,171 shares
Indirect Class B Common via Frank B. Holding Jr. 2025 #1 GRAT
Class A in 2025 #2 GRAT
106,000 shares
Indirect Class A Common via Frank B. Holding Jr. 2025 #2 GRAT
Gifted custodial balance example
4,957 shares
Class B Common remaining as custodian for James Freeman Bailey Jr.
Key Terms
bona fide gift, Grantor Retained Annuity Trust, beneficial ownership, Section 16, +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.
Grantor Retained Annuity Trust financial
"nature_of_ownership": "Frank B. Holding Jr. 2025 #1 GRAT""
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities"
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.
Section 16 regulatory
"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.
indirect ownership financial
"ownership_type": "indirect""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did FCNCA Chairman Frank B. Holding Jr. report on this Form 4?
Frank B. Holding Jr. reported bona fide gifts of Class B Common shares and updated his share balances. The filing reflects 99 Class B shares gifted from custodial accounts and reports revised direct and indirect holdings across trusts, GRATs, spouse accounts, and personal ownership.
What are Frank B. Holding Jr.’s updated direct holdings of FCNCA common stock?
After the reported transactions, Holding Jr. directly holds 202,117 Class A Common shares and 2,841 Class B Common shares. Additional shares are held indirectly through spouse accounts and multiple trusts and GRATs, as detailed in the Form 4 transaction table entries.
How are trusts and GRATs involved in Frank B. Holding Jr.’s FCNCA ownership?
The filing lists significant indirect holdings in 2025 GRATs and other trusts. For example, two Frank B. Holding Jr. 2025 GRATs each hold 106,000 Class A shares and over 32,000 Class B shares, and a Ruth P. Holding 2025 GRAT also holds sizable Class A and Class B positions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
