Form 4: First Busey Corp Executive Reports Acquisition of Shares and Dividend Equivalent Rights

Monica L. Bowe, EVP and Chief Risk Officer of First Busey Corp, reports acquiring shares through an employee stock purchase plan and dividend equivalent rights.

Summary

• Monica L. Bowe, the EVP and Chief Risk Officer of First Busey Corporation, filed a Form 4 detailing changes in beneficial ownership.
• On April 25, 2025, Bowe acquired 725 shares representing dividend equivalent rights accrued on Restricted Stock Units.
• These rights are connected to a cash dividend payment on First Busey Corporation stock, with each right equivalent to one share.
• Additionally, on March 31, 2025, Bowe acquired 108.9325 shares at $18.36 per share, totaling 2,815.9919, through the First Busey Corporation Employee Stock Purchase Plan.
• Following these transactions, Bowe directly owns 67,188 shares of First Busey Corporation stock and 2,815.9919 shares through the employee stock purchase plan.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation and investment, indicating a neutral sentiment.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan demonstrates Bowe's investment in the company's stock.
• The acquisition of dividend equivalent rights indicates a return on existing stock holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the EVP and Chief Risk Officer's continued investment in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The Employee Stock Purchase Plan participation can positively impact employee morale.

Key Dates

Keywords

Form 4, Beneficial Ownership, First Busey Corp, Employee Stock Purchase Plan, Dividend Equivalent Rights, Monica L. Bowe, BUSE