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FIRST BUSEY CORP /NV/·4

Feb 3, 4:46 PM ET

Phillips Scott A. 4

Research Summary

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Updated

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.