Form 4: First Busey Corp Director Stephen V. King Reports Acquisition of Common Stock

Director Stephen V. King reports acquiring 273 shares of First Busey Corp common stock due to dividend equivalent rights, while also noting indirect ownership of 165,491 shares through a trust.

Summary

• Stephen V. King, a director of First Busey Corp, reported a transaction on October 25, 2024.
• King acquired 273 shares of common stock due to dividend equivalent rights.
• The acquisition price was $0.
• Following the transaction, King directly owns 27,850 shares of common stock.
• King also 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. It's a routine filing indicating a director's acquisition of shares through dividend equivalent rights, which is neither particularly positive nor negative.

Positives

• The acquisition of shares through dividend equivalent rights increases King's stake in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's increased stake in the company through dividend equivalent rights.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the director increasing their stake in the company.

Key Dates