First Busey (BUSE) Chief Credit Officer adds 376 dividend-equivalent shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Busey Corporation's Chief Credit Officer, Chip S. Jorstad, reported the automatic acquisition of 376 shares of common stock on January 30, 2026. These shares were received at a price of $0 as dividend equivalent rights tied to existing restricted stock units following a cash dividend.
After this transaction, Jorstad beneficially owned a total of 65,985.356 shares of First Busey common stock in direct ownership. Each dividend equivalent right is economically equal to one share of First Busey common stock, effectively reinvesting the dividend into additional share-based units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jorstad Chip S.
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 376 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 65,985.356 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did First Busey (BUSE) report for Chip S. Jorstad?
First Busey reported that Chief Credit Officer Chip S. Jorstad acquired 376 shares of common stock on January 30, 2026. The shares were received automatically as dividend equivalent rights linked to restricted stock units following a cash dividend on First Busey common stock.
What are dividend equivalent rights in the First Busey (BUSE) Form 4 filing?
The filing states that the 376 acquired shares represent dividend equivalent rights on restricted stock units. Each dividend equivalent right is economically equal to one share of First Busey common stock, credited in connection with the payment of a cash dividend on the company’s common stock.
Is the First Busey (BUSE) Form 4 transaction a direct or indirect holding for Chip S. Jorstad?
The Form 4 classifies Chip S. Jorstad’s ownership as direct. Following the January 30, 2026 acquisition of 376 dividend equivalent right shares, his total direct beneficial ownership in First Busey common stock increased to 65,985.356 shares according to the filing details.