KENNEY FREDERIC L 4

What Happened

• Frederic L. Kenney, a director of First Busey Corp (BUSE), was reported to have acquired a total of 116,364 shares on March 6, 2026. The filing shows three "other acquisition or disposition (J)" entries of 38,788 shares each, at $0.00 per share, reflecting distributions from a family trust following the death of the income beneficiary. These entries are distributions, not market purchases, so no cash was exchanged in the reported transactions.

Key Details

• Transaction date: March 6, 2026; Filed with SEC: March 10, 2026 (appears timely).
• Reported entries: 3 × 38,788 shares = 116,364 shares total; reported acquisition price $0.00.
• Shares owned after the transactions: not specified in the provided report.
• Footnotes: F1–F3 explain the shares were distributed from the Family Trust upon the death of the income beneficiary — portions were allocated to (a) the reporting person, (b) the reporting person’s wife, and (c) a Testamentary Trust for Geoffrey S. Dickes. F4 notes Kenney is a co-trustee of the Testamentary Trust, is not a beneficiary, and disclaims beneficial ownership of the Testamentary Trust’s securities except to the extent of any pecuniary interest.
• Transaction code: J (other acquisition/disposition).

Context

• These are trust distributions due to a beneficiary's death, not open‑market purchases or sales; such estate/trust transfers typically do not signal insider trading intent or a view on company prospects. Because part of the allocation went to a separate testamentary trust (where Kenney is co-trustee but not a beneficiary), he disclaims beneficial ownership of that portion except as noted.