Michael Carpenter - Jan 3, 2022 Form 4 Insider Report for FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)

Role
Director
Signature
Michael A. Carpenter, 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, 08:50 AM
Previous filing
Jun 17, 2021
Next filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCNCA Class A Common Award +2.22K 2.22K Jan 3, 2022 Direct F1
* 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) 14,983.4750 shares of CIT common stock, and (ii) Restricted Stock Units previously representing the right to receive an aggregate of 20,760.4320 shares of CIT common stock, all of which were converted into shares of the Issuer's Class A common stock. 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.