Form 4: First Busey Corp Director Stephen V. King Increases Stake Through Stock Purchase and Dividend Equivalent Rights

Director Stephen V. King increased his holdings in First Busey Corp through a stock purchase and dividend equivalent rights.

Summary

• On January 31, 2025, Stephen V. King, a director of First Busey Corp, acquired 16,427 shares of common stock at a weighted average price of $24.5284.
• The purchase was executed in multiple trades with prices ranging from $24.4098 to $24.5632.
• King also acquired 287 shares representing dividend equivalent rights accrued on Deferred Stock Units.
• Following these transactions, King directly owns 28,137 shares and indirectly owns 181,918 shares through the Stephen V. King 2004 Declaration of Trust U/A 5/7/04.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally viewed favorably, but the filing itself is a routine regulatory requirement.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Directors purchasing shares in their own company is a common occurrence in the financial industry. It is often interpreted as a sign of confidence in the company's future performance.

Stakeholder Impact

• Shareholders may view the director's stock purchase as a positive signal.

Key Dates

Keywords

First Busey Corp, Stephen V. King, Director, Stock Purchase, Dividend Equivalent Rights, Beneficial Ownership, Form 4