Form 4: First Busey Corp Director George Barr Reports Acquisition of Dividend Equivalent Rights

Director George Barr reports acquisition of 227 dividend equivalent rights on First Busey Corporation stock.

Summary

• On April 26, 2024, George Barr, a director of First Busey Corporation, acquired 227 dividend equivalent rights, each representing the economic equivalent of one share of First Busey Corporation stock.
• These rights were accrued on Deferred Stock Units in conjunction with a cash dividend payment.
• Following the transaction, Barr directly owns 139,254 shares of common stock, indirectly owns 14,727 shares through The Barr Group P/S Plan, and 79,603 shares through a spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports a routine transaction of dividend equivalent rights.

Positives

• The acquisition of dividend equivalent rights suggests continued alignment of the director's interests with those of the shareholders.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates