Phillips Scott A. 4
4 · FIRST BUSEY CORP /NV/ · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
First Busey (BUSE) CAO Scott A. Phillips Receives Stock Awards
What Happened Scott A. Phillips, Chief Accounting Officer of First Busey Corporation (BUSE), reported three acquisitions (awards/grants/dividend reinvestment) totaling 1,140.966 shares with an aggregate reported value of about $27,401. Transactions listed:
- 2025-10-31: 55.966 shares acquired at $22.36 each (value ≈ $1,251).
- 2026-01-30: 85 shares acquired at $0.00 (dividend-equivalent credits; no cash paid).
- 2026-02-02: 1,000 shares acquired at $26.15 each (value $26,150).
These were acquisitions/awards (code A on the Form 4), not open-market purchases or sales — typically compensation-related or dividend reinvestment rather than discretionary market buys.
Key Details
- Transaction dates and prices:
- Oct 31, 2025 — 55.966 shares @ $22.36 (≈ $1,251).
- Jan 30, 2026 — 85 shares @ $0.00 (dividend equivalent credits).
- Feb 2, 2026 — 1,000 shares @ $26.15 ($26,150).
- Shares owned after transaction: Not provided in the summarized data; see the filed Form 4 for post-transaction holdings.
- Notable footnotes:
- F1: Oct 31 shares were acquired via dividend reinvestment in the company ESPP and were exempt under Rule 16b-3(c) and (d).
- F2: The Jan 30 entry represents dividend-equivalent rights on RSUs (each equals the economic equivalent of one common share).
- F3: Describes what a Depositary Share represents for the issuer’s preferred stock series (no direct effect on these common-share transactions).
- Timeliness: The Oct 31, 2025 acquisition appears to have been reported late (Form filed Feb 3, 2026). The Jan 30 and Feb 2, 2026 transactions were reported on Feb 3, 2026 and fall within the typical two-business-day Form 4 reporting window.
Context
- These A-code acquisitions are compensation-related (awards/RSU dividend equivalents or ESPP reinvestment) and are common for employees. They differ from open-market purchases because they often follow predetermined plans or dividend credits rather than discretionary buys.
- For retail investors, such awards signal insider receipt of company stock but do not by themselves indicate the insider’s market view; look for patterns of repeated personal purchases for stronger signals.
Insider Transaction Report
Form 4
Phillips Scott A.
Chief Accounting Officer
Transactions
- Award
Common Stock
[F1]2025-10-31$22.36/sh+55.966$1,251→ 15,900.5 total - Award
Common Stock
[F2]2026-01-30+85→ 15,985.5 total - Award
Depositary Shares, 1/40 interest in Series B Preferred Stock
[F3]2026-02-02$26.15/sh+1,000$26,150→ 3,350 total
Footnotes (3)
- [F1]Shares were acquired through dividend reinvestment in the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).
- [F2]Represents dividend equivalent rights accrued on Restricted 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.
- [F3]Each Depositary Share represents a 1/40th interest in a share of the issuer's 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share.
Signature
/s/ Carolyn Slattery, attorney-in-fact|2026-02-03