First Busey director awarded 62 dividend-equivalent shares
First Busey Corp. director Rod Brenneman reported a small equity-based compensation award.
Rhea-AI Filing Summary
First Busey Corp. director Rod Brenneman reported a small equity-based compensation award. On May 1, 2026, he acquired 62 shares of Common Stock at $0.0000 per share, characterized as a grant, award, or other acquisition.
According to a footnote, these 62 shares represent dividend equivalent rights that accrued on Deferred Stock Units when a cash dividend was paid, with each right economically equivalent to one common share. After this award, Brenneman directly holds 32,736 shares of Common Stock and, through the Brenneman Living Trust dated November 2, 2012, indirectly holds 136,639 shares of Common Stock and 100 shares of Series A Non-Cumulative Perpetual Preferred Stock. The filing reflects routine compensation-related accruals rather than any open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 62 shares
Grant/Award
3 txns
Insider
Brenneman Rod
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 62 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Series A Non-Cumulative Perpetual Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 32,736 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 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.
Key Figures
Shares granted: 62 shares
Grant price: $0.0000 per share
Direct common shares after grant: 32,736 shares
+2 more
5 metrics
Shares granted
62 shares
Common Stock grant on May 1, 2026 (A-code acquisition)
Grant price
$0.0000 per share
Price for 62-share Common Stock award
Direct common shares after grant
32,736 shares
Total Common Stock directly held by Brenneman after transaction
Indirect common shares
136,639 shares
Common Stock held by Brenneman Living Trust as indirect ownership
Indirect preferred shares
100 shares
Series A Non-Cumulative Perpetual Preferred Stock held by trust
Key Terms
dividend equivalent rights, Deferred Stock Units, Series A Non-Cumulative Perpetual Preferred Stock, indirect ownership
4 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.
Series A Non-Cumulative Perpetual Preferred Stock financial
"security_title": "Series A Non-Cumulative Perpetual Preferred Stock""
indirect ownership financial
"ownership_type": "indirect","ownership_code": "I""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Rod Brenneman report for FIRST BUSEY CORP (BUSE)?
Rod Brenneman reported receiving 62 shares of First Busey Common Stock on May 1, 2026. The shares were acquired as a grant or award, not through an open-market purchase, and relate to dividend equivalent rights on Deferred Stock Units.
What indirect holdings in First Busey (BUSE) does the Brenneman Living Trust report?
The Brenneman Living Trust dated November 2, 2012 indirectly holds 136,639 shares of First Busey Common Stock and 100 shares of Series A Non-Cumulative Perpetual Preferred Stock. These positions are reported as indirect ownership attributable to Rod Brenneman.
Was Rod Brenneman’s May 2026 First Busey (BUSE) transaction an open-market buy or sell?
No, the Form 4 does not show any open-market buy or sell. The only quantified transaction is an A-code acquisition of 62 shares at $0.0000 per share, classified as a grant or award linked to dividend equivalent rights.
AI-generated analysis. How Rhea-AI works. Not financial advice.
