|4Feb 3, 4:28 PM ET

Cassens Michael David 4

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First Busey (BUSE) Director Michael Cassens Receives 242-Share Award

What Happened Michael David Cassens, a director of First Busey Corporation (BUSE), was credited with 242 shares as a grant/award (code A) on 2026-01-30. The filing reports the acquisition price as $0.00, so no cash was paid; the reported value for the transaction is $0. This transaction reflects dividend-equivalent rights tied to Deferred Stock Units, not an open-market purchase.

Key Details

  • Transaction date and type: 2026-01-30 — Grant/award (A) of 242 shares at $0.00 per share.
  • Report filed: 2026-02-03 (filed on the Form 4 due date; considered timely).
  • Shares owned after transaction: Not specified in the filing.
  • Footnote: The 242 units represent dividend equivalent rights accrued on Deferred Stock Units; each dividend equivalent right is the economic equivalent of one share of First Busey common stock.

Context These units are a form of deferred compensation/dividend equivalent, effectively crediting the director with the economic value of dividends in share-equivalent units. Such awards are routine compensation adjustments and do not represent an out-of-pocket purchase or a sale of shares; they should not be interpreted as a direct bullish or bearish market signal.