Form 4: First Busey Corp Officer Phillips Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Scott A. Phillips, Principal Accounting Officer of First Busey Corp, reports the acquisition of 47 dividend equivalent rights and disposal of 6,301.6595 shares of common stock.
Summary
- On July 26, 2024, Scott A. Phillips, Principal Accounting Officer of First Busey Corp, reported a transaction involving the acquisition of 47 dividend equivalent rights.
- These rights are associated with restricted stock units and are economically equivalent to one share of First Busey Corporation stock each.
- Phillips also reported the disposal of 6,301.6595 shares of common stock.
- Following the reported transactions, Phillips directly owns 3,196.188 shares through the Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company officers.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects insider activity, but the amounts are relatively small.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of transaction: acquisition of dividend equivalent rights and disposal of common stock. |
| 07/29/2024 | Date of signature on the report. |
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