Ellen R. Alemany - Jan 3, 2022 Form 4 Insider Report for FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)

Role
Vice Chairwoman, Director
Signature
Ellen R. Alemany, By: William R. Lathan, Jr., Attorney-in-fact
Stock symbol
FCNCA
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/5/2022, 08:43 AM
Previous filing
Dec 21, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCNCA Class A Common Award +22.4K 22.4K Jan 3, 2022 Direct F1
transaction FCNCA Class A Common Award +784 784 Jan 3, 2022 July 2020 GRAT #1 F2
transaction FCNCA Class A Common Award +1.93K 1.93K Jan 3, 2022 June 2020 GRAT #1 F3
transaction FCNCA Class A Common Award +7.56K 7.56K Jan 3, 2022 March 2020 GRAT #1 F4
transaction FCNCA Class A Common Award +3.14K 3.14K Jan 3, 2022 September 2020 GRAT #2 F5
transaction FCNCA Class A Common Award +3.04K 3.04K Jan 3, 2022 March 2021 GRAT #1 F6
transaction FCNCA Series C Preferred Stock Award +30K 30K Jan 3, 2022 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in connection with the merger of CIT Group Inc. ("CIT") into the Issuer, effective January 3, 2022 (the "Merger"), based on the Merger exchange ratio, in exchange for (i) 37,965.7200 shares of CIT common stock which were converted into shares of the Issuer's Class A common stock, and (ii) outstanding Restricted Stock Units ("RSUs") previously representing the right to receive, upon vesting, an aggregate of 323,826.6080 shares of CIT common stock which were converted into RSUs representing the right to receive an adjusted number of shares of the Issuer's Class A common stock and having vesting terms consistent with the terms of the RSUs for which they were exchanged. On the effective date of the Merger, the closing price of CIT common stock was $53.50, and the closing price of the Issuer's Class A common stock was $859.76.
F2 Received in connection with the Merger in exchange for 12,655 shares of CIT common stock.
F3 Received in connection with the Merger in exchange for 31,050 shares of CIT common stock.
F4 Received in connection with the Merger in exchange for 122,000 shares of CIT common stock.
F5 Received in connection with the Merger in exchange for 50,700 shares of CIT common stock.
F6 Received in connection with the Merger in exchange for 49,000 shares of CIT common stock.
F7 Received in connection with the Merger in exchange for 30,000 shares of CIT Series B Preferred Stock.