Form 4: First Busey Corp Director Stephen V. King Acquires Deferred Stock Units
SEC Form 4
Director Stephen V. King acquired 3,126 deferred stock units of First Busey Corp on March 20, 2024, which vest after one year.
Summary
- On March 20, 2024, Stephen V. King, a director of First Busey Corp, acquired 3,126 deferred stock units.
- These units were granted by the Board of Directors and will vest after one year.
- Following the transaction, King directly owns 27,061 shares of common stock and indirectly owns 165,491 shares through the Stephen V. King 2004 Declaration of Trust U/A 5/7/04.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of stock units by a director is generally viewed as a positive sign, but it's a routine occurrence.
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 will vest after one year.
Industry Context
This filing is a routine disclosure of a director's stock ownership changes, which is common in the financial services industry.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: Stephen V. King acquired 3,126 deferred stock units. |
| 03/25/2024 | Date of signature by attorney-in-fact. |
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.