Form 4: First Busey Corp Director Samuel P Banks Reports Acquisition of 147 Shares Through Dividend Equivalent Rights
SEC Form 4 Filing
Director Samuel P Banks reports acquiring 147 shares of First Busey Corp through dividend equivalent rights.
Summary
- On July 26, 2024, Samuel P Banks, a director of First Busey Corp, acquired 147 shares of common stock.
- The acquisition was through dividend equivalent rights accrued on Deferred Stock Units.
- These rights are linked to a cash dividend payment on First Busey Corporation stock.
- Following the transaction, Banks beneficially owns 28,072 shares of First Busey Corp.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The filing indicates a director's continued investment in the company through dividend equivalent rights, which is generally a good sign. However, it's a routine transaction.
Positives
- The acquisition of shares through dividend equivalent rights indicates a continued investment in the company by a director.
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 transaction has a minor positive impact on shareholders as it reflects insider confidence.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of transaction: Acquisition of 147 shares of First Busey Corp common stock through dividend equivalent rights. |
| 07/29/2024 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.