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

Director Frederic L. Kenney reports the acquisition of 326 dividend equivalent rights on First Busey Corporation stock, with a corresponding adjustment to his holdings.

Summary

• On April 25, 2025, Frederic L. Kenney, a director of First Busey Corp, acquired 326 dividend equivalent rights related to deferred stock units.
• These rights are economically equivalent to one share of First Busey Corporation stock each.
• The acquisition was a result of dividend equivalent rights accruing due to a cash dividend payment on First Busey Corporation stock.
• Following the transaction, Kenney directly owns 31,585 shares of common stock and indirectly owns 16,349 shares through a spouse.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to insider transactions, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of dividend equivalent rights has a minor positive impact on shareholders as it aligns the director's interests with dividend payouts.

Key Dates

Keywords

Form 4, insider trading, dividend equivalent rights, First Busey Corp, BUSE, director, Kenney, beneficial ownership