First Busey (BUSE) director receives 2,865 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
King Stephen V reported acquisition or exercise transactions in this Form 4 filing.
FIRST BUSEY CORP director Stephen V. King received a grant of 2,865 shares of Common Stock in the form of Deferred Stock Units awarded by the Board of Directors. The units were granted at no cash cost and vest after one year, reflecting compensation rather than an open-market purchase.
Following this award, King directly holds 35,721 common shares and also has an indirect position of 181,918 common shares through the Stephen V. King 2004 Declaration of Trust U/A 5/7/04, as reported in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
King Stephen V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,865 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 35,721 shares (Direct);
Common Stock — 181,918 shares (Indirect, Stephen V. King 2004 Declaration of Trust U/A 5/7/04)
Footnotes (1)
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Key Figures
Deferred Stock Units granted: 2,865 shares
Direct common shares after grant: 35,721 shares
Indirect common shares via trust: 181,918 shares
+1 more
4 metrics
Deferred Stock Units granted
2,865 shares
Grant of Deferred Stock Units on 2026-04-01
Direct common shares after grant
35,721 shares
Direct holdings of Stephen V. King after award
Indirect common shares via trust
181,918 shares
Held through Stephen V. King 2004 Declaration of Trust
Grant price per share
$0.0000 per share
Reported value for the Deferred Stock Unit award
Key Terms
Deferred Stock Units, indirect, Declaration of Trust, Grant, award, or other acquisition
4 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.
indirect financial
"total_shares_following_transaction: 181918.0000, direct_or_indirect: I, nature_of_ownership: Stephen V. King 2004 Declaration of Trust"
Declaration of Trust financial
"nature_of_ownership: Stephen V. King 2004 Declaration of Trust U/A 5/7/04"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Stephen V. King acquire in the latest Form 4 for BUSE?
Stephen V. King received a grant of 2,865 Deferred Stock Units of FIRST BUSEY CORP Common Stock. The award was granted at no cash cost and is part of his director compensation, not an open-market stock purchase.
How do the 2,865 Deferred Stock Units for BUSE vest?
The 2,865 Deferred Stock Units granted to Stephen V. King vest after one year. This means he must remain eligible through that period before the units fully convert into common stock credited to his account.
Is Stephen V. King’s BUSE grant an open-market stock purchase?
No. The Form 4 identifies the transaction with code A as a grant or award acquisition. The 2,865 shares were awarded by the Board as Deferred Stock Units at a reported price of $0.0000 per share, rather than bought in the market.
What does indirect ownership mean in Stephen V. King’s BUSE filing?
Indirect ownership refers to shares held through another entity rather than personally. The filing shows 181,918 FIRST BUSEY CORP common shares held indirectly through the “Stephen V. King 2004 Declaration of Trust U/A 5/7/04,” separate from his directly held shares.