HOLDING FRANK B JR 4
Research Summary
AI-generated summary
First Citizens (FCNCA) 10% Owner Frank B. Holding Jr Receives Gift
What Happened
Frank B. Holding Jr., a reported 10% owner of First Citizens Bancshares Inc. (FCNCA), received three gifts of company stock on 2026-04-14 — 33 shares each, for a total of 99 shares. Each gift was reported at $0.00 per share (transaction code G), so the reported acquisition value is $0.
Key Details
- Transaction date: 2026-04-14; Form 4 filed 2026-04-16 (appears timely).
- Trades: three gift acquisitions of 33 shares each (total 99 shares) at $0.00 per share.
- Reported value: $0 (gifts).
- Shares owned after transaction: not specified in the filing.
- Footnote: F1 states the reporting person disclaims beneficial ownership of these securities; this filing is not an admission of beneficial ownership for Section 16 purposes.
Context
Gifts (code G) are transfers for no consideration and do not necessarily reflect the giver’s view of the company’s prospects. As a 10% owner (not an executive trade), these transactions may relate to personal, estate, or family planning rather than trading on company performance.