First Busey director awarded 2,865 stock units
Brenneman Rod reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Brenneman Rod reported acquisition or exercise transactions in this Form 4 filing.
FIRST BUSEY CORP director Rod Brenneman received an award of 2,865 shares of Common Stock in the form of Deferred Stock Units granted by the Board of Directors. The units were granted at no cash cost to him and vest after one year.
Following this grant, he holds 32,674 shares of Common Stock directly. In addition, 136,639 shares of Common Stock and 100 shares of Series A Non-Cumulative Perpetual Preferred Stock are held indirectly through the Brenneman Living Trust dated November 2, 2012.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,865 shares
Grant/Award
3 txns
Insider
Brenneman Rod
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,865 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Series A Non-Cumulative Perpetual Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 32,674 shares (Direct);
Common Stock — 136,639 shares (Indirect, Brenneman Living Trust Dated November 2, 2012);
Series A Non-Cumulative Perpetual Preferred Stock — 100 shares (Indirect, Brenneman Living Trust Dated November 2, 2012)
Footnotes (1)
- F1. Represents a grant by the Board of Directors of Deferred Stock Units which vest after one year.
Key Figures
Deferred Stock Units granted: 2,865 units
Grant price per unit: $0.00
Direct Common Stock holdings: 32,674 shares
+3 more
6 metrics
Deferred Stock Units granted
2,865 units
Board grant of Common Stock Deferred Stock Units
Grant price per unit
$0.00
Stock-based compensation, no cash paid by director
Direct Common Stock holdings
32,674 shares
Total Common Stock held directly after transaction
Indirect Common Stock holdings
136,639 shares
Held via Brenneman Living Trust dated November 2, 2012
Indirect Preferred Stock holdings
100 shares
Series A Non-Cumulative Perpetual Preferred Stock in trust
Vesting period
1 year
Deferred Stock Units vest after one year
Key Terms
Deferred Stock Units, Series A Non-Cumulative Perpetual Preferred Stock, indirect ownership, Grant, award, or other acquisition, +1 more
5 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.
Series A Non-Cumulative Perpetual Preferred Stock financial
"Series A Non-Cumulative Perpetual Preferred Stock, total shares following transaction 100.0000"
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "Brenneman Living Trust Dated November 2, 2012""
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Non-Cumulative financial
"Series A Non-Cumulative Perpetual Preferred Stock"
Non-cumulative describes a type of dividend or payment right where any missed distributions are not tracked or owed later; if a company skips a payment, investors do not receive that skipped amount in the future. Think of it like a one-time coupon that expires if not used: it can boost potential income when paid, but offers no catch-up protection, so investors face greater income uncertainty and should price in higher risk or lower yield expectations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Rod Brenneman acquire in this First Busey (BUSE) Form 4 filing?
Rod Brenneman received 2,865 Deferred Stock Units of First Busey Common Stock as a board-approved grant. The units were awarded at no cash cost and represent stock-based compensation rather than an open-market purchase.
How do the new Deferred Stock Units for BUSE’s director vest?
The 2,865 Deferred Stock Units granted to director Rod Brenneman vest after one year. This means he must remain eligible through that period for the units to fully convert into shares of Common Stock under the plan’s terms.
What are Rod Brenneman’s indirect holdings in First Busey (BUSE)?
Indirectly, through the Brenneman Living Trust dated November 2, 2012, he has 136,639 shares of Common Stock and 100 shares of Series A Non-Cumulative Perpetual Preferred Stock. These trust-held positions are reported as indirect ownership in the filing.
Was this First Busey (BUSE) Form 4 a market buy or sell transaction?
No, this Form 4 shows a grant of 2,865 Deferred Stock Units as compensation, not an open-market trade. The transaction code indicates a grant or award acquisition at a price of zero dollars per share rather than a purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
