Form 4: Thomas Hammond Increases Stake in First Busey Corp
Statement of Changes in Beneficial Ownership
Thomas Hammond, President of Busey Bank, acquired 121 shares of First Busey Corp common stock via dividend equivalent rights.
Summary
- Thomas Hammond, President of Busey Bank, reported the acquisition of 121 shares of First Busey Corp (BUSE) common stock.
- The acquisition occurred on May 1, 2026.
- The shares were acquired as dividend equivalent rights accrued on Restricted Stock Units (RSUs) following a cash dividend payment.
- The transaction price was $0, reflecting the nature of dividend equivalent accruals.
- Following this transaction, the reporting person's total beneficial ownership is 12,480.3742 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing that reflects standard executive compensation mechanics rather than a strategic shift.
Positives
- The reporting person continues to increase their equity stake in the company, signaling alignment with shareholder interests.
Negatives
- None identified; this is a routine administrative transaction related to dividend accruals.
Risks
- None identified; this filing pertains to routine equity compensation adjustments.
Future Outlook
No forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that this filing is a standard regulatory disclosure for bank executives receiving dividend equivalents on equity-based compensation, which is common practice in the regional banking sector.
Comparison to Industry Standards
- The transaction is consistent with standard executive compensation practices among U.S. regional banks.
- Dividend equivalent rights are a common feature of RSU plans for executives at peer institutions like Wintrust Financial or Associated Banc-Corp.
Stakeholder Impact
- Minimal impact on shareholders as this represents a routine accrual of existing equity compensation.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 05/01/2026 | Date of the transaction involving the acquisition of dividend equivalent shares. |
| 05/05/2026 | Date the Form 4 was signed and filed with the SEC. |
Keywords
First Busey Corp, BUSE, Insider Trading, Form 4, Dividend Equivalent Rights, Busey Bank
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