First Busey (NASDAQ: BUSE) CAO gets dividend-based stock awards
Rhea-AI Filing Summary
First Busey Corp. Chief Accounting Officer Scott A. Phillips reported acquiring additional company securities. On 2026-05-01 he acquired 60.5214 common shares at $26.4659 per share through dividend reinvestment in the Employee Stock Purchase Plan, exempt under Rule 16b-3(c) and (d). On 2026-07-31 he was credited 75 common shares as dividend equivalent rights on restricted stock units. He also reports directly holding 8,350 Depositary Shares, each representing a 1/40 interest in 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B.
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Insider Trade Summary
Net Buyer: 135.5214 shares
Net Buy
3 txns
Insider
Phillips Scott A.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F2 | 75 | $0.00 | $0.00 |
| holding | Depositary Shares, 1/40 interest in Series B Preferred Stock F3 | -- | -- | -- |
| Grant/Award | Common Stock F1 | 60.5214 | $26.4659 | $2K |
Holdings After Transaction:
Common Stock — 20,330.1088 shares (Direct);
Depositary Shares, 1/40 interest in Series B Preferred Stock — 8,350 shares (Direct)
Footnotes (3)
- F1. Shares were acquired through dividend reinvestment in 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.
- F3. 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
Common shares via dividend reinvestment: 60.5214 shares
Per-share acquisition price: $26.4659
Dividend equivalent rights shares: 75 shares
+2 more
5 metrics
Common shares via dividend reinvestment
60.5214 shares
Acquired on 2026-05-01 through the Employee Stock Purchase Plan
Per-share acquisition price
$26.4659
Price per share for 60.5214 common shares acquired on 2026-05-01
Dividend equivalent rights shares
75 shares
Common shares credited on 2026-07-31 as dividend equivalent rights on RSUs
Depositary Shares held
8,350 shares
Directly held Depositary Shares representing interests in Series B Preferred Stock
Series B Preferred Dividend Rate
8.25%
Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B underlying the Depositary Shares
Key Terms
dividend reinvestment, dividend equivalent rights, Depositary Share, Non-Cumulative Perpetual Preferred Stock
4 terms
dividend reinvestment financial
"Shares were acquired through dividend reinvestment in the First Busey Corporation Employee Stock Purchase Plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
dividend equivalent rights financial
"Represents dividend equivalent rights accrued on Restricted Stock Units in connection with the payment"
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did First Busey (BUSE) report for its Chief Accounting Officer?
The Chief Accounting Officer, Scott A. Phillips, reported two common stock acquisitions and a preferred-related holding: 60.5214 shares via dividend reinvestment, 75 shares as dividend equivalent rights on RSUs, and a direct holding of 8,350 Depositary Shares linked to Series B preferred stock.