5,887 RSUs granted to First Busey (BUSE) bank president
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Busey Corp. reported that Thomas Anthony Hammond, President of Busey Bank, received a grant of 5,887 shares of common stock as a compensation award. The grant consists of Restricted Stock Units that vest in equal installments on each of the first three anniversaries of the grant date.
After this award and prior dividend reinvestments, Hammond now holds a total of 12,359.3742 shares of First Busey common stock directly, including 138.3742 shares acquired through a dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hammond Thomas Anthony
Role
President, Busey Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,887 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,359.374 shares (Direct)
Footnotes (1)
- Represents a grant by the Board of Directors of Restricted Stock Units which vest in equal installments on each of the first three anniversaries of the grant date. Includes 138.3742 shares acquired through a dividend reinvestment.
Key Figures
RSU grant size: 5,887 shares
Total direct holdings after grant: 12,359.3742 shares
Dividend reinvestment shares: 138.3742 shares
+1 more
4 metrics
RSU grant size
5,887 shares
Restricted Stock Units granted on April 1, 2026
Total direct holdings after grant
12,359.3742 shares
Common stock held directly by Thomas Hammond after transaction
Dividend reinvestment shares
138.3742 shares
Portion of holdings acquired through dividend reinvestment
Grant price per share
$0.0000 per share
Indicates compensation grant, not a cash purchase
Key Terms
Restricted Stock Units, dividend reinvestment, Board of Directors
3 terms
Restricted Stock Units financial
"Represents a grant by the Board of Directors of Restricted Stock Units which vest"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend reinvestment financial
"Includes 138.3742 shares acquired through a dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Board of Directors financial
"Represents a grant by the Board of Directors of Restricted Stock Units"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did the Form 4 for FIRST BUSEY CORP (BUSE) disclose about Thomas Hammond?
The filing shows Thomas Anthony Hammond, President of Busey Bank, received 5,887 First Busey common shares as a Restricted Stock Unit grant. The award is compensation-based, not an open-market purchase, and increases his directly held ownership in the company.
How do the new RSUs for BUSE vest for Thomas Hammond?
The 5,887 Restricted Stock Units granted to Thomas Hammond vest in three equal installments. Vesting occurs on each of the first three anniversaries of the grant date, aligning the award with multi-year service and performance at Busey Bank and First Busey Corp.
Was this BUSE Form 4 an open-market stock purchase or a compensation grant?
This Form 4 reflects a compensation grant, not an open-market purchase. Thomas Hammond received 5,887 Restricted Stock Units awarded by the Board of Directors, with no purchase price per share, structured to vest over three years as part of his executive compensation.
What role does Thomas Hammond hold at First Busey (BUSE) in this filing?
Thomas Anthony Hammond is identified as an officer, serving as President of Busey Bank, a subsidiary of First Busey Corp. The equity grant of 5,887 Restricted Stock Units reflects compensation tied to his leadership responsibilities at the bank within the corporate group.