Frank B. Holding Jr., Chairman and CEO of First Citizens Bancshares Inc /DE/ (FCNCA), engaged in significant trading activity on May 12, 2026. Holding Jr. sold 5,346 shares of the company's stock at an average price of $1918.69 per share, for a total value of approximately $10.26 million.
On the same day, Holding Jr. also purchased 5,940 shares of FCNCA at an average price of $1726.82 per share, also totaling approximately $10.26 million. Insider sales can be influenced by various reasons such as portfolio diversification or tax planning, and do not necessarily indicate a negative sentiment towards the company.
However, as a senior executive, Holding Jr.'s substantial purchase is often viewed as a signal of strong conviction in the company's future prospects. This dual transaction represents a notable volume of activity from a key executive within First Citizens Bancshares.