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First Busey (BUSE) director Rod Brenneman granted 62 dividend-equivalent shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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

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Insider Brenneman Rod
Role null
Type Security Shares Price Value
Grant/Award Common Stock 62 $0.00 --
holding Common Stock -- -- --
holding Series A Non-Cumulative Perpetual Preferred Stock -- -- --
Holdings After Transaction: Common Stock — 32,736 shares (Direct, null); 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)
  1. [object Object]
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
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""
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Brenneman Rod

(Last)(First)(Middle)
11440 TOMAHAWK CREEK PARKWAY

(Street)
LEAWOOD KANSAS 66211

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
FIRST BUSEY CORP /NV/ [ BUSE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/01/2026A62(1)A$032,736D
Common Stock136,639IBrenneman Living Trust Dated November 2, 2012
Series A Non-Cumulative Perpetual Preferred Stock100IBrenneman Living Trust Dated November 2, 2012
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
Remarks:
/s/ Carolyn Slattery, attorney-in-fact05/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.

How were the 62 First Busey (BUSE) shares granted to Rod Brenneman determined?

The 62 shares represent dividend equivalent rights accrued on Deferred Stock Units when First Busey paid a cash dividend. Each dividend equivalent right is economically equal to one share of Common Stock, converting the cash dividend into additional share-based compensation.

How many First Busey (BUSE) shares does Rod Brenneman hold directly after this Form 4?

After the reported grant, Rod Brenneman directly holds 32,736 shares of First Busey Common Stock. This figure reflects his direct ownership only and excludes additional shares and preferred stock held indirectly through the Brenneman Living Trust.

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.