First Busey director gets 53-share stock grant
Brenneman Rod reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Brenneman Rod reported acquisition or exercise transactions in this Form 4 filing.
FIRST BUSEY CORP director Rod Brenneman received a grant of 53 dividend equivalent rights, reported as Common Stock at $0.0000 per share on July 31, 2026, in connection with a cash dividend. His reported positions include 32,789 common shares held directly and 136,639 common plus 100 Series A preferred shares held indirectly through the Brenneman Living Trust.
Insider Trade Summary
Grant/Award: 53 shares
Grant/Award
1 txn
Insider
Brenneman Rod
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 53 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
| Holding | Series A Non-Cumulative Perpetual Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 32,789 shares (Direct);
Common Stock — 136,639 shares (Indirect, Brenneman Living Trust Dated November 2, 2012);
Series A Non-Cumulative Perpetual Preferred Stock — 100 shares (Indirect, Brenneman Living Trust Dated November 2, 2012)
Footnotes (1)
- F1. Represents dividend equivalent rights accrued on Deferred 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.
Key Figures
Dividend equivalent rights granted: 53 shares
Direct common shares held: 32,789 shares
Indirect common shares via trust: 136,639 shares
+2 more
5 metrics
Dividend equivalent rights granted
53 shares
Grant of dividend equivalent rights reported as Common Stock on July 31, 2026
Direct common shares held
32,789 shares
Total Common Stock held directly by Rod Brenneman after reported acquisition
Indirect common shares via trust
136,639 shares
Common Stock held indirectly through Brenneman Living Trust Dated November 2, 2012
Indirect preferred shares via trust
100 shares
Series A Non-Cumulative Perpetual Preferred Stock held indirectly through Brenneman Living Trust
Grant price per share
$0.0000
Reported price for 53 Common Stock dividend equivalent rights
Key Terms
dividend equivalent rights, Deferred Stock Units, Series A Non-Cumulative Perpetual Preferred Stock, Brenneman Living Trust Dated November 2, 2012
4 terms
dividend equivalent rights financial
"Represents dividend equivalent rights accrued on Deferred 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.
Deferred Stock Units financial
"accrued on Deferred Stock Units in connection with the payment of a cash dividend"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Series A Non-Cumulative Perpetual Preferred Stock financial
"Series A Non-Cumulative Perpetual Preferred Stock held indirectly"
Brenneman Living Trust Dated November 2, 2012 financial
"Indirect ownership through Brenneman Living Trust Dated November 2, 2012"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Rod Brenneman report for FIRST BUSEY CORP (BUSE)?
Rod Brenneman, a director of FIRST BUSEY CORP, reported receiving a grant of 53 dividend equivalent rights on July 31, 2026. These rights are tied to Deferred Stock Units and are reported as Common Stock acquired at $0.0000 per share.
What indirect holdings in FIRST BUSEY CORP (BUSE) does the Brenneman Living Trust report?
The Brenneman Living Trust Dated November 2, 2012 is reported as holding 136,639 common shares of FIRST BUSEY CORP and 100 shares of Series A Non-Cumulative Perpetual Preferred Stock, all attributed as indirect ownership for Rod Brenneman.
What are dividend equivalent rights in this FIRST BUSEY CORP (BUSE) Form 4?
The filing explains that the 53 reported shares represent dividend equivalent rights accrued on Deferred Stock Units when a cash dividend was paid. Each dividend equivalent right is described as being economically equivalent to one share of FIRST BUSEY CORP Common Stock.
Were Rod Brenneman’s FIRST BUSEY CORP (BUSE) transactions under a Rule 10b5-1 plan?
No. The Form 4’s Rule 10b5-1 checkbox is not marked as adopted, so the July 31, 2026 grant of 53 dividend equivalent rights is not reported as executed under a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
