Form 4: First Busey Corp Executive Reports Changes in Beneficial Ownership

John Joseph Powers, EVP & General Counsel of First Busey Corp, reports transactions involving common stock and derivative securities.

Summary

• John Joseph Powers, an executive at First Busey Corp, filed a Form 4 detailing changes in beneficial ownership.
• The transactions include the acquisition of common stock through dividend reinvestment in the Employee Stock Purchase Plan on July 30, 2024, for $28.1882 per share, totaling 131.433 shares.
• Additionally, 508 shares were acquired on October 25, 2024, representing dividend equivalent rights accrued on Restricted Stock Units.
• Powers directly owns 90,447.8472 shares of common stock and indirectly owns 15,568.3306 shares through the Employee Stock Purchase Plan and 20,456 shares through the 401(K) & P/S Plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders can use this information to understand insider activity.
• Employees participating in the stock purchase plan are directly impacted by the dividend reinvestment.

Key Dates