First Busey (BUSE) bank president granted 121 dividend share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hammond Thomas Anthony reported acquisition or exercise transactions in this Form 4 filing.
FIRST BUSEY CORP executive Thomas Anthony Hammond, President of Busey Bank, received an award of 121 shares of Common Stock equivalents on the reported date. The shares were granted at a price of $0.00 per share as a compensation-related award.
According to the footnote, these 121 shares represent dividend equivalent rights accrued on Restricted Stock Units in connection with a cash dividend on First Busey Corporation Common Stock. Each dividend equivalent right is the economic equivalent of one share. Following this award, Hammond directly holds 12,480.3742 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hammond Thomas Anthony
Role
President, Busey Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 121 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,480.374 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 121 Common Stock equivalents
Grant price: $0.00 per share
Shares after transaction: 12,480.3742 shares
+1 more
4 metrics
Shares granted
121 Common Stock equivalents
Dividend equivalent rights credited on Restricted Stock Units
Grant price
$0.00 per share
Compensation-related award, transaction code A
Shares after transaction
12,480.3742 shares
Total Common Stock directly held by Hammond following award
Acquire transactions
1 transaction
Form 4 transaction summary shows one acquisition event
Key Terms
dividend equivalent rights, Restricted Stock Units, economic equivalent, Grant, award, or other acquisition
4 terms
dividend equivalent rights financial
"Represents dividend equivalent rights accrued on Restricted Stock Units in connection with the payment of a cash dividend"
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"
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.
economic equivalent financial
"Each dividend equivalent right is the economic equivalent of one share of First Busey Corporation Common Stock"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
FAQ
What insider transaction did BUSE executive Thomas Anthony Hammond report?
Thomas Anthony Hammond reported an acquisition of 121 Common Stock equivalents. These were granted as dividend equivalent rights tied to existing Restricted Stock Units, increasing his direct holdings to 12,480.3742 First Busey Common Stock shares after the transaction.
What are dividend equivalent rights in the First Busey (BUSE) filing?
Dividend equivalent rights in this filing are credits on Restricted Stock Units that mirror cash dividends. Each right is described as the economic equivalent of one share of First Busey Common Stock, effectively adding share-based value when cash dividends are paid.
Was Hammond’s BUSE stock award an open‑market purchase or a grant?
Hammond’s 121-share increase was a grant, not an open-market purchase. The Form 4 shows transaction code A, defined as a grant, award, or other acquisition, with a transaction price of $0.00 per share.
What role does Thomas Anthony Hammond hold at First Busey (BUSE)?
Thomas Anthony Hammond is identified as an officer of First Busey, serving as President of Busey Bank. The reported Form 4 transaction reflects a compensation-related share award connected to this executive role rather than a market trade.