Cassens Michael David 4
4 · FIRST BUSEY CORP /NV/ · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
First Busey (BUSE) Director Michael Cassens Receives Award of 254 Shares
What Happened
Michael Cassens, a director of First Busey Corporation (BUSE), received an award of 254 shares on May 1, 2026. The filing reports the acquisition as code "A" (grant/award) at $0.00 per share (total reported value $0). This was an award of dividend-equivalent rights tied to Deferred Stock Units, not an open-market purchase.
Key Details
- Transaction date: 2026-05-01; Form 4 filed: 2026-05-05 (appears filed within the SEC's 2-business-day window).
- Reported transaction: 254 shares acquired as an award (code A) at $0.00 per share.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnote: These 254 units represent dividend equivalent rights accrued on Deferred Stock Units in connection with a cash dividend; each dividend equivalent right equals the economic equivalent of one common share.
- No 10b5-1 plan, tax-withholding sale, or other special conditions were reported in the filing excerpt provided.
Context
Dividend-equivalent awards for Deferred Stock Units are a routine, non-cash form of compensation that reflects reinvested dividend value; they do not necessarily indicate buying or selling sentiment by the insider. Because this was an award (not a purchase or sale), it is primarily a compensation-related transaction rather than an investment signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-01+254→ 141,142 total
Footnotes (1)
- [F1]Represents dividend equivalent rights accrued on Deferred Stock Units in connection with the payment of a cash dividend on First Busey Corporation Common Stock. Each dividend equivalent right is the economic equivalent of one share of First Busey Corporation Common Stock.