Form 4: First Busey Corp Director Rod Brenneman Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Rod Brenneman reports acquisition of 3,294 deferred stock units in First Busey Corp, vesting after one year.
Summary
- On March 26, 2025, Rod Brenneman, a director of First Busey Corp, reported acquiring 3,294 shares of Common Stock through a grant of Deferred Stock Units.
- These Deferred Stock Units vest after one year.
- Following the transaction, Brenneman directly owns 38,878 shares of Common Stock.
- Brenneman also indirectly owns 132,421 shares of Common Stock and 100 shares of Series A Non-Cumulative Perpetual Preferred Stock through the Brenneman Living Trust Dated November 2, 2012.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the sentiment is neutral. It simply reports a transaction.
Positives
- The acquisition of deferred stock units by a director may signal confidence in the company's future performance.
Future Outlook
The deferred stock units vest after one year, suggesting a longer-term alignment of interests between the director and the company's performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates changes in the holdings of a director at First Busey Corp.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| November 2, 2012 | Date of Brenneman Living Trust |
| March 26, 2025 | Date of transaction: Acquisition of Deferred Stock Units |
| March 28, 2025 | Date of signature on the report |
Keywords
Form 4, Director, Rod Brenneman, First Busey Corp, BUSE, Deferred Stock Units, Beneficial Ownership, Securities
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