First Citizens (FCNCA) director reports preferred stock purchase
Rhea-AI Filing Summary
First Citizens BancShares (FCNCA) director Ellen R. Alemany reported buying 300 Depositary Shares of the company’s 7% Non-Cumulative Perpetual Preferred Stock, Series D on 11/13/2025 at a price of $1,000 per Depositary Share. Each Depositary Share represents a 1/100th interest in a share of this preferred series. Following this purchase, she holds these 300 Depositary Shares directly, along with 30,000 shares of Class C Preferred Stock held directly.
She also reports indirect holdings of Class A Common Stock through several family trusts and grantor retained annuity trusts, including 4,559 shares in a Family GST Exempt Trust, 4,350 shares in a Family Non-GST Exempt Trust, 2,295 shares in the Alemany March 2024 GRAT #1, 1,325 shares in the Alemany August 2024 GRAT #1, and 4,716 shares in the Alemany September 2025 GRAT #1.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Depositary Shares | 300 | $1,000.00 | $300K |
| 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 C Preferred Stock | -- | -- | -- |
Footnotes (1)
- Each Depositary Share represents a 1/100th interest in a share of the Issuer's 7% Non-Cumulative Perpetual Preferred Stock, Series D. On August 7, 2024, the reporting person contributed 2,570 shares of Class A Common Stock held directly by her to a new grantor retained annuity trust (the "Alemany August 2024 GRAT #1," of which she serves as trustee), which shares continued to be reported as indirectly owned. On June 6, 2025, 1,690 shares of Class A Common Stock were distributed from the Alemany March 2024 GRAT #1 (the "GRAT," of which she serves as trustee) to the reporting person and the remaining 2,295 shares held by the GRAT continue to be reported in this Form 4 as indirectly owned. On September 8, 2025, 1,240 shares of Class A Common Stock were distributed from the Alemany August 2024 GRAT #1 (the "GRAT," of which she serves as trustee) to the reporting person, and on September 10, 2025, 5 shares of Class A Common Stock were distributed from the GRAT to the reporting person. The remaining 1,325 shares held by the GRAT continue to be reported in this Form 4 as indirectly owned. On September 15, 2025, the reporting person contributed 4,716 shares of Class A Common Stock held directly by her to a new grantor retained annuity trust (the "Alemany September 2025 GRAT #1," of which she serves as trustee), which shares continue to be reported in this Form 4 as indirectly owned.
FAQ
What insider transaction did FCNCA director Ellen R. Alemany report?
Ellen R. Alemany reported purchasing 300 Depositary Shares of First Citizens BancShares’ 7% Non-Cumulative Perpetual Preferred Stock, Series D on 11/13/2025.
What direct holdings does Ellen R. Alemany report in FCNCA preferred stock?
She reports holding 300 Depositary Shares of Series D preferred stock directly and 30,000 shares of Class C Preferred Stock directly.
What indirect Class A Common holdings in FCNCA does Ellen R. Alemany report?
She reports indirect Class A Common holdings including 4,559 shares in a Family GST Exempt Trust, 4,350 shares in a Family Non-GST Exempt Trust, 2,295 shares in the Alemany March 2024 GRAT #1, 1,325 shares in the Alemany August 2024 GRAT #1, and 4,716 shares in the Alemany September 2025 GRAT #1.