First Busey director granted 62 dividend equivalents
RAUCKMAN KEVIN reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
RAUCKMAN KEVIN reported acquisition or exercise transactions in this Form 4 filing.
First Busey Corp. director Kevin Rauckman reported a small equity-based compensation change. He received 62 dividend equivalent rights on Deferred Stock Units, each economically equal to one share of First Busey common stock, in connection with a cash dividend.
After this award, he directly holds 12,287 shares of common stock. A trust associated with him, the Kevin S. Rauckman Trust, indirectly holds 36,946 shares of common stock and 250 shares of Series A Non-Cumulative Perpetual Preferred Stock. The filing does not show any open-market buys or sells.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 62 shares
Grant/Award
3 txns
Insider
RAUCKMAN KEVIN
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 — 12,287 shares (Direct);
Common Stock — 36,946 shares (Indirect, Kevin S. Rauckman Trust);
Series A Non-Cumulative Perpetual Preferred Stock — 250 shares (Indirect, Kevin S. Rauckman Trust)
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
Dividend equivalent rights granted: 62 rights
Direct common stock holdings: 12,287 shares
Indirect common stock holdings: 36,946 shares
+2 more
5 metrics
Dividend equivalent rights granted
62 rights
Accrued on Deferred Stock Units with cash dividend
Direct common stock holdings
12,287 shares
Common stock held directly after transaction
Indirect common stock holdings
36,946 shares
Common stock held by Kevin S. Rauckman Trust
Indirect preferred stock holdings
250 shares
Series A Non-Cumulative Perpetual Preferred Stock via trust
Grant price per share
$0.00 per share
Dividend equivalent rights credited at no purchase price
Key Terms
Series A Non-Cumulative Perpetual Preferred Stock, dividend equivalent rights, Deferred Stock Units, economic equivalent
4 terms
Series A Non-Cumulative Perpetual Preferred Stock financial
"security_title: "Series A Non-Cumulative Perpetual Preferred Stock""
dividend equivalent rights financial
"Represents dividend equivalent rights accrued on Deferred Stock Units"
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"
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.
economic equivalent financial
"Each dividend equivalent right is the economic equivalent of one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did First Busey (BUSE) director Kevin Rauckman report?
Kevin Rauckman reported receiving 62 dividend equivalent rights tied to Deferred Stock Units, each economically equal to one First Busey common share. This reflects a compensation-related share accrual rather than an open-market purchase or sale.
What indirect holdings in First Busey (BUSE) does the Kevin S. Rauckman Trust report?
The Kevin S. Rauckman Trust indirectly holds 36,946 shares of First Busey common stock and 250 shares of Series A Non-Cumulative Perpetual Preferred Stock. These indirect positions are attributed to the trust rather than to Rauckman personally.
Were there any open-market buys or sells by Kevin Rauckman in this Form 4?
The Form 4 does not show any open-market purchases or sales. It reports a grant of 62 dividend equivalent rights as compensation and lists updated direct and indirect holdings, without recording share purchases or sales on the market.
What are dividend equivalent rights in the context of First Busey (BUSE)?
Dividend equivalent rights are amounts credited on Deferred Stock Units when First Busey pays a cash dividend on its common stock. Each right in this filing is the economic equivalent of one common share, increasing Rauckman’s equity-linked compensation balance.
Why were 62 dividend equivalent rights credited to Kevin Rauckman at First Busey (BUSE)?
The 62 dividend equivalent rights accrued on Rauckman’s Deferred Stock Units in connection with a cash dividend paid on First Busey common stock. This mechanism aligns deferred equity compensation with the company’s dividend payments over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
