First Busey (BUSE) officer adds ESPP shares and dividend rights
Rhea-AI Filing Summary
First Busey Corporation reported that Chief Credit Officer Chip S. Jorstad acquired 268.5096 shares of Common Stock on 2026-06-30 through the Employee Stock Purchase Plan at $21.6580 per share, in transactions exempt under Rule 16b-3(c) and Rule 16b-3(d). On 2026-07-31, he also received 207.0000 dividend equivalent rights on restricted stock units, each economically equivalent to one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 475.5096 shares
Net Buy
2 txns
Insider
Jorstad Chip S.
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F2 | 207 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 268.5096 | $21.658 | $6K |
Holdings After Transaction:
Common Stock — 65,257.2562 shares (Direct)
Footnotes (2)
- F1. Shares were purchased through the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).
- F2. 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: 268.5096 shares
ESPP purchase price: $21.6580 per share
Dividend equivalent rights: 207.0000 rights
3 metrics
ESPP shares acquired
268.5096 shares
Common Stock acquired on 2026-06-30 via Employee Stock Purchase Plan
ESPP purchase price
$21.6580 per share
Price for ESPP acquisition of 268.5096 shares on 2026-06-30
Dividend equivalent rights
207.0000 rights
Rights accrued on restricted stock units on 2026-07-31, each equal to one share
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(c), Rule 16b-3(d), dividend equivalent rights, +1 more
5 terms
Employee Stock Purchase Plan financial
"Shares were purchased through the First Busey Corporation Employee Stock Purchase Plan"
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.
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)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
dividend equivalent rights financial
"Represents dividend equivalent rights accrued on Restricted 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.
Restricted Stock Units financial
"dividend equivalent rights accrued on Restricted Stock Units in connection with the payment"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did BUSE’s Chief Credit Officer report?
Chip S. Jorstad reported acquiring 268.5096 shares of First Busey Common Stock through the Employee Stock Purchase Plan and receiving 207.0000 dividend equivalent rights tied to restricted stock units, reflecting compensation-related equity additions rather than open-market trading.
What are the 207 dividend equivalent rights reported for First Busey (BUSE)?
The 207.0000 dividend equivalent rights represent amounts accrued on restricted stock units when a cash dividend was paid on First Busey Common Stock. Each right is described as the economic equivalent of one share of First Busey Common Stock.
Were the BUSE insider ESPP purchases made under Rule 16b-3 exemptions?
Yes. The Form 4 specifies that the ESPP shares were purchased in transactions exempt under Rule 16b-3(c) and Rule 16b-3(d), indicating these acquisitions are treated as board-approved, compensation-related transactions for Section 16 purposes rather than ordinary open-market trades.
Do the reported First Busey (BUSE) transactions involve a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes describe the acquisitions as ESPP purchases and dividend equivalent rights, with no reference to any 10b5-1 trading plan governing the timing of these transactions.