Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: The Parent Company has two classes of common stock—Class A common and Class B common.
−Removed: Shares of Class A common have one vote per share, while shares of Class B common have 16 votes per share.
+Added: The Parent Company has two classes of common stock—Class A common stock and Class B common stock.
+Added: Shares of Class A common stock have one vote per share, while shares of Class B common stock have 16 votes per share.
The Class A common stock is listed on the Nasdaq Global Select Market under the symbol FCNCA.
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The Class B common stock monthly trading volume averaged 617 shares during the fourth quarter of 2022 and 1,381 shares for the year ended December 31, 2022.
−Removed: Following the expiration of our latest share repurchase authorization on July 31, 2020, share repurchase activity was suspended, and there were no share repurchases for the remainder of 2020 and during 2021.
+Added: The table below summarizes our stock repurchase activity during the fourth quarter of 2022.
+Added: ISSUER PURCHASES OF EQUITY SECURITIES
+Added: Class A Common Stock Total Number of Class A Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Plan Maximum Number of Shares that May Yet be Repurchased Under Plan
+Added: Repurchases from October 1 - 31, 2022 472,586 $ 842.61 472,586 —
+Added: Repurchases from November 1 - 30, 2022 — $ — — —
+Added: Repurchases from December 1 - 31, 2022 — $ — — —
+Added: Total 472,586 $ 842.61 472,586 —
+Added: On July 26, 2022, the Board authorized a share repurchase program for up to 1,500,000 shares of Class A common stock for the period commencing August 1, 2022 through July 28, 2023.
+Added: Under the authorized share repurchase program, shares of Class A common stock were authorized to be repurchased from time to time on the open market or in privately negotiated transactions, including through a Rule 10b5-1 plan.
+Added: All 1,500,000 shares of Class A common stock under the program were repurchased during 2022, thereby completing the share repurchase program.
The graph and table below compare the cumulative total shareholder return (“CTSR”) of our Class A common stock to selected industry and broad-market indices.
−Removed: As a result of a change in the total return data made available through our vendor provider, our performance graphs going forward will be using indices comparable to those utilized in the immediately preceding fiscal year.
−Removed: The broad-market index is transitioning from the Nasdaq US Index to the Nasdaq US Benchmark Total Return Index.
−Removed: The industry index is transitioning from the Nasdaq Bank Index to the KBW Nasdaq Bank Total Return Index, which is composed of the largest banking companies and includes all money center banks and regional banks.
−Removed: The Parent Company has decided to begin to use the KBW Nasdaq Bank Total Return Index since it is utilized by a number of the Parent Company’s industrial peers.
+Added: The broad-market index comparison is to the Nasdaq US Benchmark Total Return Index and the industry index comparison is to the KBW Nasdaq Bank Total Return Index, which is composed of the largest banking companies and includes all money center banks and regional banks.
Each trend line assumes $100 was invested on December 31, 2017, and dividends were reinvested for additional shares.
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FCNCA $ 100 $ 94 $ 133 $ 144 $ 208 $ 190
−Removed: Nasdaq - U.S.
−Removed: 100 129 127 173 249
−Removed: Nasdaq - Banks 100 107 88 111 104
Nasdaq US Benchmark TR 100 95 124 150 189 152
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.