First Busey (BUSE) director gains 254 dividend-equivalent share rights

Rhea-AI Filing Summary

First Busey Corp. director Michael David Cassens received 254 shares of Common Stock-equivalent rights as a grant. The Form 4 shows a grant/award acquisition at a price of $0.0000 per share, tied to dividend equivalent rights on Deferred Stock Units following a cash dividend.

After this award, Cassens directly holds 141,142 shares of Common Stock. Each dividend equivalent right referenced in the footnote is described as the economic equivalent of one share of First Busey Corporation Common Stock, so this is a compensation-linked, non-market transaction rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cassens Michael David

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	254	$0.00	--

Holdings After Transaction: Common Stock — 141,142 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 254 shares Transaction price: $0.0000 per share Shares held after: 141,142 shares +1 more

4 metrics

Shares granted 254 shares Dividend equivalent rights grant on Common Stock

Transaction price $0.0000 per share Grant/award acquisition of Common Stock-equivalent rights

Shares held after 141,142 shares Direct Common Stock holdings following the transaction

Acquire transactions 1 transaction Non-derivative grant/award acquisition reported in Form 4

Key Terms

dividend equivalent rights, Deferred Stock Units, economic equivalent, grant, award, or other acquisition

4 terms

dividend equivalent rights financial

"Represents dividend equivalent rights accrued on Deferred 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.

Deferred Stock Units financial

"Represents dividend equivalent rights accrued on Deferred Stock Units in connection with the payment of a cash dividend"

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 of First Busey Corporation Common Stock"

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cassens Michael David

(Last) (First) (Middle)

11440 TOMAHAWK CREEK PARKWAY

(Street)

LEAWOOD KANSAS 66211

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST BUSEY CORP /NV/ [ BUSE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/01/2026		A		254(1)	A	$0	141,142	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

	/s/ Carolyn Slattery, attorney-in-fact	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did FIRST BUSEY (BUSE) director Michael Cassens report?

Director Michael David Cassens reported receiving 254 Common Stock-equivalent rights as a grant. The award came at $0.0000 per share and reflects dividend equivalent rights accrued on Deferred Stock Units after a cash dividend on First Busey Corporation Common Stock.

Is the Michael Cassens Form 4 transaction in FIRST BUSEY (BUSE) a market purchase?

No, the transaction is not a market purchase. It is a grant of 254 dividend equivalent rights on Deferred Stock Units, recorded with a transaction code "A" for a grant, award, or other acquisition, at a price of $0.0000 per share.

How many FIRST BUSEY (BUSE) shares does Michael Cassens hold after this Form 4?

After this reported grant, Michael David Cassens directly holds 141,142 shares of First Busey Corporation Common Stock. This total includes the impact of the 254 dividend equivalent rights credited in connection with a cash dividend on the company’s Common Stock.

What are dividend equivalent rights mentioned in the FIRST BUSEY (BUSE) Form 4 footnote?

Dividend equivalent rights are credits that mirror cash dividends on underlying Deferred Stock Units. In this filing, each dividend equivalent right is described as the economic equivalent of one share of First Busey Corporation Common Stock, increasing the director’s stock-based holdings when cash dividends are paid.

What does transaction code "A" signify in the FIRST BUSEY (BUSE) Form 4 for Michael Cassens?

Transaction code "A" signifies a grant, award, or other acquisition of securities. For Michael David Cassens, it reflects a non-derivative acquisition of 254 Common Stock-equivalent rights via dividend equivalent rights on Deferred Stock Units, rather than an open-market buy or sell transaction.