First Busey Corp. (BUSE) director gains 221 dividend-equivalent share rights
Rhea-AI Filing Summary
First Busey Corp. director Michael David Cassens reported an acquisition of 221 shares of Common Stock on 2026-07-31 at a stated price of $0.0000 per share. A footnote explains these represent dividend equivalent rights accrued on Deferred Stock Units in connection with a cash dividend, each economically equivalent to one share of Common Stock. Following this award, his directly held position is 132,894 common shares and related equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 221 shares
Net Buy
1 txn
Insider
Cassens Michael David
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 221 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 132,894 shares (Direct)
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 acquired: 221 shares
Transaction price: $0.0000 per share
Holdings after transaction: 132,894 shares
3 metrics
Shares acquired
221 shares
Dividend equivalent rights credited on 2026-07-31
Transaction price
$0.0000 per share
Stated price for the 221 acquired Common Stock equivalents
Holdings after transaction
132,894 shares
Directly held First Busey Common Stock and related equivalents following the award
Key Terms
dividend equivalent rights, Deferred Stock Units, economic equivalent
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
"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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BUSE director Michael David Cassens report?
Director Michael David Cassens reported an acquisition of 221 shares of First Busey Common Stock. These shares represent dividend equivalent rights credited on Deferred Stock Units after a cash dividend, increasing his directly held position to 132,894 shares and equivalents.
What are the dividend equivalent rights reported for BUSE on this Form 4?
The Form 4 describes dividend equivalent rights accrued on Deferred Stock Units after a cash dividend on First Busey Common Stock. Each right is the economic equivalent of one share, and 221 such rights were credited to director Michael David Cassens.
What is Michael David Cassens’ total direct holding in BUSE after this transaction?
After the reported award, Michael David Cassens directly holds 132,894 First Busey Common Stock shares and related equivalents. This total includes the additional 221 dividend equivalent rights credited in connection with the company’s cash dividend.
Was the BUSE insider award to Michael David Cassens an open-market trade?
No, the reported acquisition was a grant of dividend equivalent rights, not an open-market trade. The 221 rights were automatically credited on Deferred Stock Units due to a cash dividend on First Busey Common Stock, at a stated price of $0.0000 per share.