First Busey counsel reports 27,568.0252 shares owned
First Busey Corp’s general counsel, Michael A. Peluso, filed an initial Section 16 ownership report showing beneficial ownership of 27,568.0252 common stock equivalents.
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Form Type
3
Rhea-AI Filing Summary
First Busey Corp’s general counsel, Michael A. Peluso, filed an initial Section 16 ownership report showing beneficial ownership of 27,568.0252 common stock equivalents. This consists of 13,715 directly held shares, 2,667.0252 shares acquired through the Employee Stock Purchase Plan, 10,490 Restricted Stock Units, and 696 dividend equivalent rights, each economically equal to one share.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
Peluso Michael A
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Common Stock F1 | -- | -- | -- |
Holdings:
Common Stock — 27,568.0252 shares (Direct)
Footnotes (1)
- F1. Consists of (a) 13,715 shares of First Busey Corporation common stock held by the reporting person, (b) 2,667.0252 shares held by the reporting person and purchased through the First Busey Corporation Employee Stock Purchase Plan prior to the reporting person becoming a reporting person subject to Section 16 in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d), (c) 10,490 Restricted Stock Units granted prior to the reporting person becoming a reporting person subject to Section 16, and (d) 696 dividend equivalent rights accrued on Restricted Stock Units in connection with the payment of cash dividends on First Busey Corporation common stock. Each Restricted Stock Unit and each dividend equivalent right is the economic equivalent of one share of First Busey Corporation common stock.
Key Figures
Total common stock equivalents owned: 27,568.0252 shares
Directly held common shares: 13,715 shares
ESPP shares: 2,667.0252 shares
+2 more
5 metrics
Total common stock equivalents owned
27,568.0252 shares
Beneficial ownership reported for Michael A. Peluso as of 2026-07-29
Directly held common shares
13,715 shares
First Busey common stock held directly by the reporting person
ESPP shares
2,667.0252 shares
Shares purchased via First Busey Employee Stock Purchase Plan before Section 16 status
Restricted Stock Units
10,490 units
RSUs granted before the reporting person became subject to Section 16
Dividend equivalent rights
696 rights
Dividend equivalent rights on RSUs, each equal to one common share
Key Terms
Employee Stock Purchase Plan, Restricted Stock Units, dividend equivalent rights, Section 16, +1 more
5 terms
Employee Stock Purchase Plan financial
"purchased through the First Busey Corporation Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Restricted Stock Units financial
"10,490 Restricted Stock Units granted prior to the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"696 dividend equivalent rights accrued on Restricted Stock Units"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Section 16 regulatory
"prior to the reporting person becoming a reporting person subject to Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16b-3(c) regulatory
"transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider position did Michael A. Peluso report in First Busey (BUSE)?
Michael A. Peluso, First Busey’s General Counsel, reported beneficial ownership of 27,568.0252 common stock equivalents. This total combines directly held shares, Employee Stock Purchase Plan shares, Restricted Stock Units, and dividend equivalent rights, each economically equal to one common share.
How are Michael A. Peluso’s First Busey (BUSE) holdings broken down?
Peluso’s holdings include 13,715 directly held shares, 2,667.0252 shares from the Employee Stock Purchase Plan, 10,490 Restricted Stock Units, and 696 dividend equivalent rights. Together these positions total 27,568.0252 common stock equivalents.
What does the filing say about Peluso’s ESPP purchases in First Busey (BUSE)?
The filing states 2,667.0252 shares were purchased through the Employee Stock Purchase Plan before Peluso became subject to Section 16. These transactions were exempt under Rule 16b-3(c) and Rule 16b-3(d), meaning they did not trigger short-swing profit restrictions when made.
What are the Restricted Stock Units reported by Peluso in First Busey (BUSE)?
Peluso holds 10,490 Restricted Stock Units granted before he became a Section 16 reporting person. Each Restricted Stock Unit is the economic equivalent of one share of First Busey common stock and represents a form of equity-based compensation subject to vesting conditions.
What are the dividend equivalent rights disclosed for Michael A. Peluso in BUSE?
The filing lists 696 dividend equivalent rights accrued on Peluso’s Restricted Stock Units. Each right is the economic equivalent of one share, reflecting cash dividends paid on First Busey common stock and increasing his total common stock equivalent holdings.
Does this First Busey (BUSE) Form 3 show any recent insider buying or selling?
No. The Form 3 records Peluso’s initial beneficial ownership of 27,568.0252 common stock equivalents and includes one holding entry. The transaction summary shows no reported purchases or sales, only a breakdown of existing shares and equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
