Form 4: First Busey Corp Executive Scott A. Phillips Reports Acquisition of Shares Through Dividend Reinvestment and Employee Stock Purchase Plan

Scott A. Phillips, CAO and Interim CFO of First Busey Corp, reports acquiring shares through dividend equivalent rights, dividend reinvestment, and the Employee Stock Purchase Plan.

Summary

• Scott A. Phillips, CAO and Interim CFO of First Busey Corp, filed a Form 4 detailing changes in beneficial ownership.
• On April 25, 2025, Phillips acquired 123 shares of common stock through dividend equivalent rights.
• On January 24, 2025, Phillips acquired 38.9794 shares through dividend reinvestment at $24.112 per share, totaling 3,798.4638 shares.
• On March 31, 2025, Phillips acquired 884.9755 shares under the Employee Stock Purchase Plan at $18.36 per share, totaling 4,683.4393 shares.
• Following these transactions, Phillips directly owns 11,241 shares of First Busey Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The insider is increasing their holdings, which can be seen as a positive sign, but the transactions are routine and expected.

Positives

• The reporting person is increasing their holdings in the company.
• The acquisitions through dividend reinvestment and employee stock purchase plan indicate confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The increased holdings by an executive could be viewed positively by shareholders.

Key Dates

Keywords

Form 4, beneficial ownership, First Busey Corp, Scott A. Phillips, dividend reinvestment, employee stock purchase plan, shares