Form 4: First Busey Corp Director Kenney Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Frederic L Kenney reports acquisition of dividend equivalent rights on First Busey Corporation stock.
Summary
- On January 31, 2025, Frederic L Kenney, a director of First Busey Corp, acquired 242 dividend equivalent rights, each representing the economic equivalent of one share of First Busey Corporation stock.
- These rights accrued on Deferred Stock Units in connection with a cash dividend payment.
- Following the transaction, Kenney directly owns 27,965 shares of Common Stock and indirectly owns 15,090 shares through a spouse.
Sentiment
Score: 5
Explanation: This is a routine filing related to dividend equivalent rights, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it reflects continued alignment of director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Acquisition of dividend equivalent rights. |
| 02/04/2025 | Date of signature on the report. |
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