Director Frederic L. Kenney of FIRST BUSEY (BUSE) granted 2,865 deferred units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KENNEY FREDERIC L reported acquisition or exercise transactions in this Form 4 filing.
FIRST BUSEY CORP director Frederic L. Kenney received a grant of 2,865 Deferred Stock Units of Common Stock that vest after one year. The units were awarded at no cash cost. After the award, he holds 74,134 shares directly, with additional indirect holdings through his spouse and a testamentary trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KENNEY FREDERIC L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,865 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 74,134 shares (Direct);
Common Stock — 55,137 shares (Indirect, Spouse)
Footnotes (1)
- [object Object]
Key Figures
Deferred Stock Units granted: 2,865 units
Direct shares after transaction: 74,134 shares
Indirect shares via spouse: 55,137 shares
+2 more
5 metrics
Deferred Stock Units granted
2,865 units
Grant on April 1, 2026 to director Frederic L. Kenney
Direct shares after transaction
74,134 shares
Common Stock directly owned after the award
Indirect shares via spouse
55,137 shares
Common Stock reported as indirectly owned through spouse
Indirect shares via testamentary trust
38,788 shares
Common Stock indirectly held by testamentary trust for Geoffrey S. Dickes
Grant price per unit
$0.0000 per unit
Deferred Stock Units award carried no cash purchase price
Key Terms
Deferred Stock Units, Testamentary Trust, indirect ownership
3 terms
Deferred Stock Units financial
"Represents a grant by the Board of Directors of Deferred Stock Units which vest after one year."
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.
Testamentary Trust financial
"nature_of_ownership": "Testamentary Trust f/b/o Geoffrey S. Dickes""
indirect ownership financial
""ownership_type": "indirect", "ownership_code": "I""
FAQ
What insider transaction did FIRST BUSEY (BUSE) director Frederic L. Kenney report?
Director Frederic L. Kenney reported receiving a grant of 2,865 Deferred Stock Units of FIRST BUSEY Common Stock. The award was made on April 1, 2026, as a grant or award transaction and carried no cash purchase price per share.
What are Deferred Stock Units in the context of FIRST BUSEY (BUSE) director compensation?
The filing describes Deferred Stock Units as stock-based awards granted by the Board of Directors that vest after one year. For Frederic L. Kenney, 2,865 Deferred Stock Units of Common Stock were granted, representing a non-cash equity component of his director compensation package.
Was the April 1, 2026 FIRST BUSEY (BUSE) insider transaction a market purchase or sale?
No open-market trade occurred. The transaction is coded as an award acquisition, meaning 2,865 Deferred Stock Units were granted as compensation at a price of $0.0000 per share, rather than being bought or sold on the open market.
Does the FIRST BUSEY (BUSE) Form 4 show any derivative securities for Frederic L. Kenney?
The derivative section in the data is empty, indicating no derivative securities such as options or warrants are reported in this filing. The reported positions consist solely of Common Stock, including the new Deferred Stock Units and existing direct and indirect shareholdings.