First Busey Corp (BUSE) president credited 105 dividend-equivalent shares
Rhea-AI Filing Summary
First Busey Corp reported that Thomas Anthony Hammond, President of Busey Bank, received an acquisition of 105 shares of common stock on 2026-07-31 through dividend equivalent rights accrued on Restricted Stock Units in connection with a cash dividend. Each right is the economic equivalent of one common share, bringing his directly held position to 12,585.3742 shares, with no cash price paid for the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 105 shares
Net Buy
1 txn
Insider
Hammond Thomas Anthony
Role
President, Busey Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 105 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 12,585.3742 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Shares acquired: 105.0000 shares
Holdings after transaction: 12585.3742 shares
Reported price per share: 0.0000
3 metrics
Shares acquired
105.0000 shares
Grant/award acquisition of common stock via dividend equivalent rights on 2026-07-31
Holdings after transaction
12585.3742 shares
Directly held First Busey Corp common stock following the award
Reported price per share
0.0000
Per-share value for the grant/award acquisition of 105 shares
Key Terms
dividend equivalent rights, Restricted Stock Units, economic equivalent
3 terms
dividend equivalent rights financial
"Represents 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.
Restricted Stock Units financial
"dividend equivalent rights accrued on Restricted Stock Units in connection"
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did First Busey Corp (BUSE) report for Thomas Anthony Hammond?
Thomas Anthony Hammond received an acquisition of 105 dividend equivalent rights on First Busey Corp common stock. These rights accrued on Restricted Stock Units due to a cash dividend and increased his directly held stake to 12,585.3742 shares.
Was the First Busey Corp (BUSE) insider transaction an open-market trade?
No, the transaction was a grant/award acquisition, not an open-market purchase or sale. It reflects 105 dividend equivalent rights credited on Restricted Stock Units in connection with a cash dividend, reported at a per-share price of $0.00.
What are dividend equivalent rights in the First Busey Corp (BUSE) filing?
Dividend equivalent rights are described as the economic equivalent of one share of First Busey common stock. They accrued on Hammond’s Restricted Stock Units when a cash dividend was paid, effectively mirroring the value of additional common shares.
Was Hammond’s First Busey Corp (BUSE) transaction under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and no footnote links the award to such a plan. This suggests the dividend equivalent rights credit was not executed pursuant to a pre-arranged Rule 10b5-1 trading arrangement.
What transaction code was used for the First Busey Corp (BUSE) insider award?
The transaction used code A, described as a grant, award, or other acquisition. It captures the 105 dividend equivalent rights posted to Hammond’s account rather than a market transaction, and is classified as a non-derivative common stock entry.