First Busey CAO receives stock unit grant
Phillips Scott A. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Phillips Scott A. reported acquisition or exercise transactions in this Form 4 filing.
First Busey Corp. Chief Accounting Officer Scott A. Phillips received a grant of 3,925 shares of Common Stock as a compensation award. The award is in the form of Restricted Stock Units that vest in three equal installments on each of the first three anniversaries of the April 1 grant date. Following this grant, Phillips directly holds 19,062.5623 shares of Common Stock and 3,350 Depositary Shares, each representing a 1/40th interest in the company’s 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,925 shares
Grant/Award
2 txns
Insider
Phillips Scott A.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,925 | $0.00 | $0.00 |
| holding | Depositary Shares, 1/40 interest in Series B Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,062.5623 shares (Direct);
Depositary Shares, 1/40 interest in Series B Preferred Stock — 3,350 shares (Direct)
Footnotes (2)
- F1. Represents a grant by the Board of Directors of Restricted Stock Units which vest in equal installments on each of the first three anniversaries of the grant date.
- F2. Each Depositary Share represents a 1/40th interest in a share of the issuer's 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share.
Key Figures
RSU grant size: 3,925 shares
Common shares held after grant: 19,062.5623 shares
Depositary Shares held: 3,350 shares
+3 more
6 metrics
RSU grant size
3,925 shares
Restricted Stock Units granted to CAO on April 1
Common shares held after grant
19,062.5623 shares
Direct Common Stock ownership following the award
Depositary Shares held
3,350 shares
Direct holdings of Depositary Shares linked to Series B preferred
Preferred dividend rate
8.25%
Fixed rate on Non-Cumulative Perpetual Preferred Stock, Series B
Depositary Share interest
1/40th per share
Each Depositary Share equals 1/40 interest in one Series B preferred share
RSU grant price
$0.0000 per share
Recorded transaction price for the 3,925-share award
Key Terms
Restricted Stock Units, Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Fixed-Rate
4 terms
Restricted Stock Units financial
"Represents a grant by the Board of Directors of Restricted Stock Units which vest in equal installments"
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.
Non-Cumulative Perpetual Preferred Stock financial
"8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
Fixed-Rate financial
"8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B"
A fixed-rate is an arrangement where the interest or return on a loan, bond, or other financial obligation stays the same for a specified period instead of changing with market conditions. For investors, that means predictable payments and easier budgeting—like locking in a grocery price for a year—but it also means missing out if market rates fall, and it may be less attractive if inflation or rates rise significantly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did First Busey (BUSE) report for Scott A. Phillips?
First Busey reported that Chief Accounting Officer Scott A. Phillips received a grant of 3,925 shares of Common Stock as Restricted Stock Units. This was a compensation-related award, not an open-market purchase or sale, and it increased his directly held Common Stock position.
How do the new Restricted Stock Units for BUSE’s CAO vest?
The 3,925 Restricted Stock Units granted to First Busey’s Chief Accounting Officer vest in three equal installments. Vesting occurs on each of the first three anniversaries of the April 1 grant date, meaning the award is spread over a multi-year service period.
Was there a purchase price for the BUSE Restricted Stock Unit grant?
The 3,925-share Restricted Stock Unit grant to First Busey’s Chief Accounting Officer is recorded at a transaction price of $0.0000 per share. This indicates the award was granted as compensation rather than acquired through an open-market purchase.
Did the Form 4 report any sales of First Busey stock by the CAO?
The Form 4 does not report any open-market sales by the Chief Accounting Officer. It shows an award-type acquisition of 3,925 Common Stock Restricted Stock Units and a separate holding entry for 3,350 Depositary Shares linked to Series B preferred stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
