First Busey (BUSE) CFO granted 329 dividend-equivalent shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Busey Corp Chief Financial Officer Christopher H.M. Chan reported an acquisition of 329 shares of Common Stock on account of dividend equivalent rights credited on his Restricted Stock Units when a cash dividend was paid on First Busey common stock. Each dividend equivalent right equals one share of common stock and was issued at $0.00 per share as a compensation-related award, not an open-market trade. Following this grant, Chan directly holds 33,964 shares of First Busey common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chan Christopher H.M.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 329 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 33,964 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 329 shares
Grant price: $0.00 per share
Shares held after transaction: 33,964 shares
3 metrics
Shares granted
329 shares
Dividend equivalent rights credited on RSUs
Grant price
$0.00 per share
Compensation-related award, not open-market trade
Shares held after transaction
33,964 shares
Direct ownership by CFO following Form 4 transaction
Key Terms
Restricted Stock Units, dividend equivalent rights, cash dividend
3 terms
Restricted Stock Units financial
"Represents 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.
dividend equivalent rights financial
"Represents dividend equivalent rights accrued on Restricted Stock Units in connection"
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.
cash dividend financial
"in connection with the payment of a cash dividend on First Busey Corporation Common Stock"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.
FAQ
What insider transaction did First Busey (BUSE) disclose for its CFO?
First Busey disclosed that CFO Christopher H.M. Chan received 329 shares of Common Stock as a grant of dividend equivalent rights tied to his Restricted Stock Units after a cash dividend was paid on First Busey common stock.
Was the First Busey (BUSE) CFO’s Form 4 transaction an open-market purchase?
No, the transaction was not an open-market purchase. The CFO received 329 dividend equivalent rights credited to his Restricted Stock Units, each equal to one First Busey common share, at a $0.00 grant price as part of compensation.
What are dividend equivalent rights in the First Busey (BUSE) CFO filing?
Dividend equivalent rights are credits on Restricted Stock Units that mirror cash dividends on common shares. For First Busey, each dividend equivalent right granted to the CFO is the economic equivalent of one share of First Busey common stock, issued when dividends are paid.
What transaction code was used in the First Busey (BUSE) CFO Form 4?
The transaction used code A, which represents a grant, award, or other acquisition. In this case, the CFO acquired 329 dividend equivalent rights related to his Restricted Stock Units at $0.00 per share, reflecting compensation rather than a market trade.