Form 4: Samuel P. Banks Reports Acquisition of First Busey Corp Shares Through Dividend Equivalent Rights
SEC Form 4 Filing
Director Samuel P. Banks acquired 183 shares of First Busey Corp stock on January 31, 2025, through dividend equivalent rights.
Summary
- On January 31, 2025, Samuel P. Banks, a director of First Busey Corp, acquired 183 shares of common stock.
- The acquisition was due to dividend equivalent rights accrued on Deferred Stock Units.
- These rights are linked to a cash dividend payment on First Busey Corporation stock, with each right equivalent to one share.
- Following the transaction, Banks directly owns 28,429 shares of First Busey Corp.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (acquisition of shares through dividend equivalent rights) and doesn't indicate any significant positive or negative sentiment. It's a neutral disclosure.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction increases Samuel P. Banks' stake in the company, aligning his interests further with those of other shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Samuel P. Banks acquired shares through dividend equivalent rights. |
| 02/04/2025 | Date of signature by attorney-in-fact. |
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