First Busey EVP receives stock grants
First Busey Corp EVP & General Counsel John Joseph Powers reported compensation-related share acquisitions, not open-market trading.
Rhea-AI Filing Summary
First Busey Corp EVP & General Counsel John Joseph Powers reported compensation-related share acquisitions, not open-market trading. On March 31, 2026, he acquired 1,046.0251 shares of Common Stock at $20.315 per share as a grant or award, bringing his direct holdings to 117,589.2984 shares.
On May 1, 2026, he received an additional 319 shares at $0.00 per share, increasing direct ownership to 117,908.2984 shares. Footnotes state these were acquired under the Employee Stock Purchase Plan and as dividend equivalent rights on Restricted Stock Units. He also holds 22,287 shares indirectly in a 401(K) & P/S Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,365.0251 shares
Grant/Award
3 txns
Insider
Powers John Joseph
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 319 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,046.0251 | $20.315 | $21K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 117,908.2984 shares (Direct);
Common Stock — 22,287 shares (Indirect, 401(K) & P/S Plan)
Footnotes (2)
- F1. Shares were acquired under 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.
Key Figures
Share grant March 31, 2026: 1,046.0251 shares at $20.315
Share grant May 1, 2026: 319 shares at $0.00
Direct holdings after May 1, 2026: 117,908.2984 shares
+2 more
5 metrics
Share grant March 31, 2026
1,046.0251 shares at $20.315
Common Stock grant/award acquisition on March 31, 2026
Share grant May 1, 2026
319 shares at $0.00
Common Stock acquisition on May 1, 2026 under plans
Direct holdings after May 1, 2026
117,908.2984 shares
Total direct Common Stock owned following latest transaction
Indirect plan holdings
22,287 shares
Common Stock held via 401(K) & P/S Plan as of March 31, 2026
Rule 16b-3 exemptions
Rule 16b-3(c) and 16b-3(d)
Applies to Employee Stock Purchase Plan acquisitions
Key Terms
Employee Stock Purchase Plan, dividend equivalent rights, Restricted Stock Units, Rule 16b-3(c), +2 more
6 terms
Employee Stock Purchase Plan financial
"Shares were acquired under the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt..."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
dividend equivalent rights financial
"Represents dividend equivalent rights accrued on Restricted 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.
Restricted Stock Units financial
"Represents dividend equivalent rights accrued on Restricted Stock Units in connection with the payment of a cash dividend..."
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.
Rule 16b-3(c) regulatory
"transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
Rule 16b-3(d) regulatory
"transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
401(K) & P/S Plan financial
"nature_of_ownership": "401(K) & P/S Plan""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did John Joseph Powers report in his latest Form 4 for BUSE?
John Joseph Powers reported acquiring additional First Busey Common Stock through compensation-related awards. He received 1,046.0251 shares at $20.315 on March 31, 2026, and 319 shares at $0.00 on May 1, 2026, increasing his direct holdings.
Were the BUSE transactions by John Joseph Powers open-market buys or compensation awards?
The transactions were compensation-related awards, not open-market purchases. The Form 4 describes them as grants or other acquisitions, with footnotes citing the Employee Stock Purchase Plan and dividend equivalent rights on Restricted Stock Units, both exempt under Rule 16b-3.
What indirect holdings in BUSE does John Joseph Powers report on Form 4?
He reports 22,287 shares of First Busey Common Stock held indirectly through a 401(K) & P/S Plan as of March 31, 2026. This position is separate from his directly held shares and represents retirement and profit sharing plan holdings.
What is the significance of the dividend equivalent rights mentioned for BUSE?
The Form 4 notes that some shares represent dividend equivalent rights accrued on Restricted Stock Units. Each dividend equivalent right is the economic equivalent of one BUSE share, credited when cash dividends are paid, effectively reinvesting dividends into additional share-based units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
