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FIRST BUSEY CORP /NV/·4

Apr 3, 4:08 PM ET

Cassens Michael David 4

Research Summary

AI-generated summary

Updated

First Busey (BUSE) Director Michael Cassens Receives Deferred Stock Award

What Happened

Michael David Cassens, a director of First Busey Corp (BUSE), was granted 2,865 Deferred Stock Units on 2026-04-01. The units were awarded at $0.00 per unit (total reported value $0) and represent an equity award rather than a market purchase or sale.

Key Details

  • Transaction date: 2026-04-01 (Form 4 filed 2026-04-03; filing appears timely)
  • Grant: 2,865 Deferred Stock Units at $0.00 (award/grant)
  • Total reported consideration: $0
  • Vesting: These units vest after one year (footnote F1)
  • Shares owned after transaction: Not specified in the provided report
  • Filing timeliness: Report filed two days after the grant date, consistent with standard reporting windows

Context

Deferred Stock Units are a form of equity compensation that entitle the holder to receive shares (or their cash equivalent) after a vesting period; they do not represent immediate cash proceeds or an open-market purchase. Board grants to directors are common and part of routine compensation; they should not be interpreted on their own as a bullish or bearish market signal.