Director at First Busey (BUSE) gets 303-share dividend-equivalent grant

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 303 shares of Common Stock as a compensation-related award. The shares were granted at no cash cost, increasing his direct holdings to 74,437 shares. The filing also shows indirect holdings of 38,788 shares in a testamentary trust and 55,137 shares held by his spouse.

According to the footnote, the 303-share grant represents dividend equivalent rights accrued on Deferred Stock Units in connection with a cash dividend, meaning each right mirrors the value of one common share rather than an open-market purchase.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider KENNEY FREDERIC L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	303	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 74,437 shares (Direct, null); Common Stock — 55,137 shares (Indirect, Spouse)

Footnotes (1)

1. [object Object]

Key Figures

Stock grant: 303 shares Grant price: $0.0000 per share Direct holdings after grant: 74,437 shares +2 more

5 metrics

Stock grant 303 shares Dividend equivalent rights grant on Common Stock

Grant price $0.0000 per share Price for 303-share compensation grant

Direct holdings after grant 74,437 shares Common Stock held directly by Frederic L. Kenney after transaction

Trust indirect holdings 38,788 shares Held via Testamentary Trust f/b/o Geoffrey S. Dickes

Spouse indirect holdings 55,137 shares Common Stock held indirectly through spouse

Key Terms

dividend equivalent rights, Deferred Stock Units, Testamentary Trust

3 terms

dividend equivalent rights financial

"Represents dividend equivalent rights accrued on Deferred 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.

Deferred Stock Units financial

"dividend equivalent rights 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.

Testamentary Trust financial

"Testamentary Trust f/b/o Geoffrey S. Dickes"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KENNEY FREDERIC L

(Last) (First) (Middle)

11440 TOMAHAWK CREEK PARKWAY

(Street)

LEAWOOD KANSAS 66211

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST BUSEY CORP /NV/ [ BUSE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/01/2026		A		303(1)	A	$0	74,437	D
Common Stock								55,137	I	Spouse
Common Stock								38,788	I	Testamentary Trust f/b/o Geoffrey S. Dickes

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

	/s/ Carolyn Slattery, attorney-in-fact	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did FIRST BUSEY CORP (BUSE) director Frederic L. Kenney report on this Form 4?

He reported receiving a grant of 303 shares of Common Stock as dividend-equivalent rights, increasing his direct holdings to 74,437 shares. The filing also lists additional indirect holdings through a trust and his spouse.

Were the 303 FIRST BUSEY (BUSE) shares an open-market purchase or a grant?

The 303 shares were a grant, not an open-market purchase. They represent dividend equivalent rights accrued on Deferred Stock Units in connection with a cash dividend, awarded at a $0.00 per share price.

How many FIRST BUSEY (BUSE) shares does Frederic L. Kenney hold directly after this Form 4?

After the grant, Frederic L. Kenney directly holds 74,437 shares of FIRST BUSEY Common Stock. This figure reflects his position following the 303-share dividend-equivalent award reported in the Form 4 filing.

What indirect FIRST BUSEY (BUSE) holdings are disclosed for Frederic L. Kenney?

The filing shows 38,788 shares held indirectly through a testamentary trust for Geoffrey S. Dickes and 55,137 shares held indirectly through his spouse, in addition to Kenney’s directly held shares.

What are dividend equivalent rights in the FIRST BUSEY (BUSE) Form 4 footnote?

The footnote explains that the award represents dividend equivalent rights accrued on Deferred Stock Units when a cash dividend was paid. Each right is economically equivalent to one share of FIRST BUSEY Common Stock.