Brenneman Rod 4

What Happened
Rod Brenneman, a director of First Busey Corporation (BUSE), was granted 62 units on May 1, 2026. The filing shows an acquisition/award (code A) of 62 shares at $0.00 — these represent dividend equivalent rights accrued on Deferred Stock Units rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-01; Form 4 filed: 2026-05-05 (timely under the two-business-day rule).
• Reported price: $0.00; Shares/units acquired: 62.
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — these are dividend equivalent rights on Deferred Stock Units; each right is the economic equivalent of one share.
• Transaction code: A (award/grant/acquisition). No 10b5-1 plan or tax-withholding noted in the filing.

Context
Dividend-equivalent rights on deferred stock units are typically compensation for directors and reflect accrued dividends on deferred awards; they are not the same as an open-market purchase and do not necessarily indicate a buy/sell signal. Payout may be in stock or cash per the company’s plan at a later date. The filing appears timely, and there’s no indication the shares were sold immediately.