Trusts of First Citizens (NASDAQ: FCNCA) director sell 2,520 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST CITIZENS BANCSHARES director Ellen R. Alemany reported indirect sales of Class A common stock. On June 4, 2026, grantor retained annuity trusts associated with her (the Alemany August 2024 and September 2025 GRATs) sold a combined 2,520 Class A Common shares in multiple open-market transactions at prices around $2,033–$2,052 per share.
After these sales, the September 2025 GRAT held 4,623 Class A Common shares and the August 2024 GRAT held 1,142 Class A Common shares. Separately, Alemany also reported direct holdings of 1,985 Class A Common shares, 300 Depositary Shares (each representing a 1/100th interest in 7% Non-Cumulative Perpetual Preferred Stock, Series D), and 30,000 shares of Class C Preferred Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,520 shares ($5,158,743)
Net Sell
13 txns
Insider
Alemany Ellen R
Role
Director
Sold
2,520 shs ($5.16M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common | 183 | $2,033.33 | $372K |
| Sale | Class A Common | 604 | $2,048.21 | $1.24M |
| Sale | Class A Common | 456 | $2,050.78 | $935K |
| Sale | Class A Common | 37 | $2,052.43 | $76K |
| Sale | Class A Common | 93 | $2,033.52 | $189K |
| Sale | Class A Common | 1,136 | $2,048.20 | $2.33M |
| Sale | Class A Common | 10 | $2,050.60 | $21K |
| Sale | Class A Common | 1 | $2,051.11 | $2K |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class C Preferred Stock | -- | -- | -- |
| holding | Depositary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Common — 1,142 shares (Indirect, Alemany August 2024 GRAT);
Class A Common — 1,985 shares (Direct);
Class C Preferred Stock — 30,000 shares (Direct);
Depositary Shares — 300 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,033.32 to $2,033.51, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) through (5). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,048.19 to $2,048.49, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,050.36 to $2,051.24, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,033.38 to $2,033.70, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2,048.19 to $2,048.52, inclusive. Each Depositary Share represents a 1/100th interest in a share of the Issuer's 7% Non-Cumulative Perpetual Preferred Stock, Series D.
Key Figures
Class A shares sold: 2,520 shares
Sample sale price: $2,051.11 per share
Direct Class A Common: 1,985 shares
+5 more
8 metrics
Class A shares sold
2,520 shares
Open-market sales on June 4, 2026 via GRATs
Sample sale price
$2,051.11 per share
One Class A Common sale on June 4, 2026
Direct Class A Common
1,985 shares
Directly held after June 4, 2026
September 2025 GRAT Class A
4,623 shares
Indirect holdings after reported sales
August 2024 GRAT Class A
1,142 shares
Indirect holdings after reported sales
Class C Preferred Stock
30,000 shares
Directly held preferred shares
Depositary Shares
300 shares
Each is 1/100th of 7% Series D preferred
Price range from footnotes
$2,033.32–$2,051.24
Weighted-average sale price ranges on June 4, 2026
Key Terms
Grantor Retained Annuity Trust (GRAT), Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series D, weighted average price, +1 more
5 terms
Grantor Retained Annuity Trust (GRAT) financial
"Alemany September 2025 GRAT"
Non-Cumulative Perpetual Preferred Stock, Series D financial
"7% Non-Cumulative Perpetual Preferred Stock, Series D"
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class C Preferred Stock financial
"security_title": "Class C Preferred Stock""
Class C preferred stock is a type of ownership share in a company that typically offers fixed dividends and has priority over common stock when it comes to receiving payments or assets if the company is liquidated. It usually comes with specific rights or features that distinguish it from other preferred shares, such as voting rights or dividend preferences. Investors value it for its potential steady income and relative safety compared to regular shares.
FAQ
What insider transactions did FCNCA director Ellen R. Alemany report?
Ellen R. Alemany reported that grantor retained annuity trusts associated with her sold 2,520 Class A Common shares of First Citizens BancShares on June 4, 2026, through open-market transactions at prices around $2,033–$2,052 per share, according to the Form 4.
What direct FCNCA holdings does Ellen R. Alemany report in this Form 4?
The filing lists direct ownership of 1,985 Class A Common shares, 300 Depositary Shares representing 7% Non-Cumulative Perpetual Preferred Stock, Series D, and 30,000 shares of Class C Preferred Stock, all reported as of the June 4, 2026 transactions.