First Busey (BUSE) CAO adds 5,000 depositary and over 1,100 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Busey Corporation’s Chief Accounting Officer, Scott A. Phillips, reported several equity transactions. On May 4, 2026, he made an open-market purchase of 5,000 Depositary Shares representing interests in Series B preferred stock at $25.9015 per share, bringing his direct holdings in these depositary shares to 8,350. Earlier, on March 31, 2026, he acquired 1,046.0251 shares of common stock through a grant or award at a reference price of $20.3150, and on May 1, 2026, he received an additional 86 common shares as a grant or award, resulting in 20,194.5874 common shares held directly. Footnotes state that some common shares were acquired under the Employee Stock Purchase Plan and as dividend equivalent rights on Restricted Stock Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares ($129,508)
Net Buy
3 txns
Insider
Phillips Scott A.
Role
Chief Accounting Officer
Bought
5,000 shs ($130K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Depositary Shares, 1/40 interest in Series B Preferred Stock | 5,000 | $25.9015 | $130K |
| Grant/Award | Common Stock | 86 | $0.00 | -- |
| Grant/Award | Common Stock | 1,046.025 | $20.315 | $21K |
Holdings After Transaction:
Depositary Shares, 1/40 interest in Series B Preferred Stock — 8,350 shares (Direct, null);
Common Stock — 20,194.587 shares (Direct, null)
Footnotes (1)
- Shares were acquired under the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d). Represents dividend equivalent rights accrued on Restricted Stock Units in connection with the payment of a cash dividend on First Busey Corporation Common Stock. Each dividend equivalent right is the economic equivalent of one share of First Busey Corporation Common Stock. Each Depositary Share represents a 1/40th interest in a share of the issuer's 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share.
Key Figures
Depositary Shares Purchased: 5,000 shares
Purchase Price: $25.9015 per Depositary Share
Depositary Shares Held: 8,350 shares
+5 more
8 metrics
Depositary Shares Purchased
5,000 shares
Open-market purchase on May 4, 2026
Purchase Price
$25.9015 per Depositary Share
Open-market transaction
Depositary Shares Held
8,350 shares
Direct holdings after May 4, 2026 purchase
Common Stock Grant
1,046.0251 shares
Grant or award on March 31, 2026
Reference Price for Grant
$20.3150 per share
Common stock grant on March 31, 2026
Additional Common Stock Grant
86 shares
Grant or award on May 1, 2026
Common Shares Held
20,194.5874 shares
Direct common stock holdings after transactions
Preferred Interest per Depositary Share
1/40th of a preferred share
Series B 8.25% Non-Cumulative Perpetual Preferred
Key Terms
Employee Stock Purchase Plan, dividend equivalent rights, Restricted Stock Units, Depositary Shares, +1 more
5 terms
Employee Stock Purchase Plan financial
"Shares were acquired under the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d)."
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.
dividend equivalent rights financial
"Represents dividend equivalent rights accrued on Restricted Stock Units in connection with the payment of a cash dividend on First Busey Corporation Common Stock."
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.
Restricted Stock Units financial
"Represents dividend equivalent rights accrued on Restricted Stock Units in connection with the payment of a cash dividend on First Busey Corporation Common Stock."
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.
Non-Cumulative Perpetual Preferred Stock financial
"the issuer's 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share."
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
FAQ
What insider transactions did First Busey (BUSE) report for Scott A. Phillips?
Scott A. Phillips, Chief Accounting Officer, reported buying 5,000 Depositary Shares in an open-market purchase and receiving over 1,100 shares of common stock through grants and plan-related acquisitions, all held as direct ownership.
What is the nature of the common stock acquisitions reported by Scott A. Phillips at First Busey (BUSE)?
The common stock acquisitions were grant or award transactions, including shares acquired under the Employee Stock Purchase Plan and dividend equivalent rights tied to Restricted Stock Units, rather than open-market purchases or sales.