First Busey (NASDAQ: BUSE) risk chief gains stock and dividend rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST BUSEY CORP EVP and Chief Risk Officer Monica L. Bowe reported routine equity compensation-related acquisitions of common stock. On 2026-05-01, she acquired 308 shares at $0.00 per share under the First Busey Corporation Employee Stock Purchase Plan in transactions exempt under Rule 16b-3(c) and Rule 16b-3(d).
On 2026-03-31, she also acquired 155.0578 shares of common stock at $20.3150 per share as dividend equivalent rights accrued on Restricted Stock Units in connection with a cash dividend. Each dividend equivalent right is the economic equivalent of one share of First Busey Corporation common stock. Following these transactions, she directly owns 63,417.7757 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bowe Monica L
Role
EVP Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 308 | $0.00 | -- |
| Grant/Award | Common Stock | 155.058 | $20.315 | $3K |
Holdings After Transaction:
Common Stock — 63,417.776 shares (Direct, null)
Footnotes (1)
- Shares were acquired under the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d). Represents dividend equivalent rights accrued on Restricted 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
ESPP shares acquired: 308 shares
Dividend equivalent rights: 155.0578 shares
Holdings after latest transaction: 63,417.7757 shares
+1 more
4 metrics
ESPP shares acquired
308 shares
Employee Stock Purchase Plan on 2026-05-01 at $0.00 per share
Dividend equivalent rights
155.0578 shares
Dividend equivalent rights on RSUs at $20.3150 per share on 2026-03-31
Holdings after latest transaction
63,417.7757 shares
Direct common stock ownership following 2026-05-01 acquisition
Price for RSU dividend equivalents
$20.3150 per share
Value assigned to 155.0578 dividend equivalent rights on 2026-03-31
Key Terms
Employee Stock Purchase Plan, Restricted Stock Units, dividend equivalent rights, Rule 16b-3(c), +1 more
5 terms
Employee Stock Purchase Plan financial
"Shares were acquired under the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt..."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Restricted Stock Units financial
"Represents dividend equivalent rights accrued on Restricted Stock Units in connection with the payment of a cash dividend..."
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 equivalent rights financial
"Represents dividend equivalent rights accrued on Restricted 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.
Rule 16b-3(c) regulatory
"Transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d)."
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
Rule 16b-3(d) regulatory
"Transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d)."
FAQ
What insider transactions did BUSE executive Monica L. Bowe report on this Form 4?
Monica L. Bowe reported two routine acquisitions of First Busey common stock. She received 308 shares via the Employee Stock Purchase Plan and 155.0578 shares as dividend equivalent rights tied to Restricted Stock Units and a cash dividend, increasing her direct holdings.
What is the significance of the dividend equivalent rights reported for BUSE?
The filing states that 155.0578 shares represent dividend equivalent rights on Restricted Stock Units. Each right is economically equal to one common share and accrued when a cash dividend was paid, effectively crediting additional share-based value to the executive’s equity compensation.