First Busey Corp (BUSE) director awarded 2,865 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grigsby Jennifer M reported acquisition or exercise transactions in this Form 4 filing.
First Busey Corp director Jennifer M. Grigsby received 2,865 deferred stock units of common stock as a board grant. The award vests after one year and was granted at no cash cost to her, reflecting routine director compensation rather than an open-market purchase or sale.
Following the grant, she directly holds 24,740 shares of First Busey common stock. A separate line in the filing shows 25,637 shares held indirectly through the Jennifer M. Grigsby Living Trust, highlighting both her personal and trust-based ownership stakes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Grigsby Jennifer M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,865 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 24,740 shares (Direct);
Common Stock — 25,637 shares (Indirect, Jennifer M. Grigsby Living Trust)
Footnotes (1)
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Key Figures
Deferred stock unit grant: 2,865 units
Direct shares after grant: 24,740 shares
Indirect shares via trust: 25,637 shares
3 metrics
Deferred stock unit grant
2,865 units
Board grant of deferred stock units vesting after one year
Direct shares after grant
24,740 shares
Direct ownership of First Busey common stock following the award
Indirect shares via trust
25,637 shares
Indirect ownership held by Jennifer M. Grigsby Living Trust
Key Terms
Deferred Stock Units, Grant, award, or other acquisition, Living Trust
3 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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Living Trust financial
"nature_of_ownership": "Jennifer M. Grigsby Living Trust""
FAQ
What insider transaction did Jennifer M. Grigsby report for BUSE?
Jennifer M. Grigsby reported receiving 2,865 deferred stock units of First Busey common stock. This was a board-approved grant, not an open-market purchase, and is part of her director compensation package, vesting after one year from the grant date.
Is the BUSE Form 4 transaction a stock purchase or just a grant?
The Form 4 reflects a grant of 2,865 deferred stock units, not a cash stock purchase. These units were awarded by the Board of Directors as compensation and vest after one year, so no open-market buying or selling occurred in this transaction.
What are deferred stock units in the BUSE director grant?
Deferred stock units are rights to receive shares at a future date, often used for director compensation. In this case, 2,865 units were granted to Jennifer Grigsby and will vest after one year, aligning her long-term interests with those of First Busey shareholders.
Does the BUSE Form 4 indicate any insider selling activity?
The Form 4 does not report any insider selling activity. It shows a single acquisition of 2,865 deferred stock units granted by the board, along with updated direct and indirect share holdings, making this a routine compensation-related filing rather than a sale.