First Busey Corp (BUSE) director awarded 264 dividend-equivalent shares
Rhea-AI Filing Summary
First Busey Corp director Frederic L. Kenney reported an acquisition of 264 shares of Common Stock on 2026-07-31, recorded as a grant or award. A footnote explains these represent dividend equivalent rights accrued on Deferred Stock Units in connection with a cash dividend, with each right economically equivalent to one common share. Following this award, Kenney directly holds 74,701 shares of First Busey common stock, with additional indirect holdings of 38,788 shares in a testamentary trust and 55,137 shares held by his spouse.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 264 shares
Net Buy
3 txns
Insider
KENNEY FREDERIC L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 264 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 74,701 shares (Direct);
Common Stock — 38,788 shares (Indirect, Testamentary Trust f/b/o Geoffrey S. Dickes);
Common Stock — 55,137 shares (Indirect, Spouse)
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: 264 shares of Common Stock
Direct holdings after transaction: 74,701 shares
Indirect holdings – testamentary trust: 38,788 shares
+2 more
5 metrics
Shares granted
264 shares of Common Stock
Grant or award acquisition on 2026-07-31 via dividend equivalent rights
Direct holdings after transaction
74,701 shares
Common Stock directly owned by Frederic L. Kenney following the award
Indirect holdings – testamentary trust
38,788 shares
Indirect Common Stock holdings via Testamentary Trust f/b/o Geoffrey S. Dickes
Indirect holdings – spouse
55,137 shares
Indirect Common Stock holdings attributed to Kenney's spouse
Transaction price per share
$0.0000
Reported price per share for the 264-share grant or award
Key Terms
dividend equivalent rights, Deferred Stock Units, Testamentary Trust
3 terms
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
"rights accrued on Deferred Stock Units in connection with the payment"
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.
Testamentary Trust financial
"nature_of_ownership": "Testamentary Trust f/b/o Geoffrey S. Dickes"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did First Busey (BUSE) director Frederic L. Kenney report?
Frederic L. Kenney reported an acquisition of 264 shares of First Busey Common Stock on 2026-07-31, classified as a grant or award rather than an open-market purchase, tied to dividend equivalent rights on Deferred Stock Units.
Did the First Busey (BUSE) Form 4 for Frederic L. Kenney report any stock sales?
No stock sales were reported. The Form 4 for Kenney shows a grant or award acquisition of 264 shares and lists updated direct and indirect holdings, without any sale transactions or dispositions of First Busey Common Stock.
What indirect holdings of First Busey (BUSE) stock does Frederic L. Kenney report?
Kenney reports indirect ownership of 38,788 shares held in a "Testamentary Trust f/b/o Geoffrey S. Dickes" and 55,137 shares held by his spouse, in addition to his directly owned First Busey common shares.