First Busey (BUSE) director Stephen V. King gains 349 dividend-equivalent shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Busey Corp. director Stephen V. King reported routine equity-related changes in his holdings. He received an award of 349 shares of Common Stock at $0.00 per share, classified as a grant or other acquisition, increasing his direct ownership to 36,070 shares.
The filing also lists 181,918 shares of Common Stock held indirectly through the “Stephen V. King 2004 Declaration of Trust U/A 5/7/04.” A footnote explains the 349-share award represents dividend equivalent rights accrued on Deferred Stock Units in connection with a cash dividend on First Busey common stock, meaning this is a compensation-related adjustment rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
King Stephen V
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 349 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 36,070 shares (Direct, null);
Common Stock — 181,918 shares (Indirect, Stephen V. King 2004 Declaration of Trust U/A 5/7/04)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 349 shares
Grant price: $0.00 per share
Direct holdings after grant: 36,070 shares
+1 more
4 metrics
Shares granted
349 shares
Grant/award acquisition of Common Stock at $0.00 per share
Grant price
$0.00 per share
Price for 349-share grant representing dividend equivalent rights
Direct holdings after grant
36,070 shares
Common Stock directly owned after A-code transaction
Indirect trust holdings
181,918 shares
Common Stock held via Stephen V. King 2004 Declaration of Trust
Key Terms
dividend equivalent rights, Deferred Stock Units, indirect, 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
"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.
indirect financial
"total_shares_following_transaction 181918.0000 ... ownership_type indirect"
Grant, award, or other acquisition financial
"transaction_code_description Grant, award, or other acquisition"
FAQ
What did Stephen V. King report in this Form 4 for BUSE?
Stephen V. King reported a grant of 349 shares of First Busey Common Stock at $0.00 per share, tied to dividend equivalent rights. After this award, his direct holdings rose to 36,070 shares, alongside significant indirect holdings through a trust.
Are Stephen V. King’s reported transactions in BUSE open-market buys or sells?
No, the Form 4 shows no open-market purchases or sales. The 349 shares were acquired as a grant or award, representing dividend equivalent rights on Deferred Stock Units. This is a compensation-related adjustment, not a discretionary market trade.
What are dividend equivalent rights mentioned in the BUSE Form 4 footnote?
Dividend equivalent rights are amounts that mirror cash dividends on underlying shares, credited as additional units. Here, they accrued on Deferred Stock Units when First Busey paid a cash dividend, and each right equals one share of Common Stock economically.
Does this BUSE Form 4 indicate any change in Stephen V. King’s derivative positions?
No derivative transactions are reported in this Form 4. The derivativeSummary is empty, indicating no option or other derivative exercises or grants in this filing. The changes relate only to Common Stock and dividend equivalent rights on Deferred Stock Units.