Scott A. Phillips, Chief Accounting Officer of First Busey Corp /NV/, filed a Form 4 on November 3, 2026, disclosing two acquisitions of common stock and reporting existing holdings of Depositary Shares in Series B Preferred Stock.

Key Highlights

  • Dividend reinvestment acquisition: Phillips acquired 51.7806 shares of common stock on July 31, 2026, at $31.2372 per share through the First Busey Corporation Employee Stock Purchase Plan.
  • Dividend equivalent rights: On October 30, 2026, Phillips acquired 79 shares at $0, representing dividend equivalent rights accrued on Restricted Stock Units in connection with a cash dividend payment.
  • Post-transaction common stock holdings: Phillips directly owns 20,460.8894 shares of common stock following both reported transactions.
  • Preferred stock position: Phillips also directly holds 8,350 Depositary Shares, each representing a 1/40th interest in a share of the issuer's 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B.
  • Exempt transactions: The July 31, 2026 dividend reinvestment acquisition was reported as exempt under both Rule 16b-3(c) and Rule 16b-3(d).

Phillips Reports Two Common Stock Acquisitions at First Busey Corp

According to the Form 4 filed with the SEC on November 3, 2026, Scott A. Phillips, identified as Chief Accounting Officer of First Busey Corp /NV/ (NASDAQ:BUSE), reported two acquisitions of common stock. The first transaction, dated July 31, 2026, involved the acquisition of 51.7806 shares at a price of $31.2372 per share through dividend reinvestment in the First Busey Corporation Employee Stock Purchase Plan. The filing states this transaction was exempt under both Rule 16b-3(c) and Rule 16b-3(d).

The second transaction, dated October 30, 2026, involved the acquisition of 79 shares at a price of $0. According to the filing, these shares "represent dividend equivalent rights accrued on Restricted Stock Units in connection with the payment of a cash dividend on First Busey Corporation Common Stock," with each dividend equivalent right described as "the economic equivalent of one share of First Busey Corporation Common Stock." Following both transactions, Phillips directly holds 20,460.8894 shares of common stock, the filing disclosed.

The filing also notes that Phillips directly holds 8,350 Depositary Shares in Series B Preferred Stock. The filing describes each Depositary Share as representing "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." No derivative securities transactions were reported. The form was signed by Catherine Alqallaf as attorney-in-fact on November 3, 2026.

What Was Disclosed

The filing disclosed two acquisitions of First Busey Corp common stock by Chief Accounting Officer Scott A. Phillips: a dividend reinvestment plan purchase on July 31, 2026, and dividend equivalent rights on October 30, 2026, bringing his direct common stock holdings to 20,460.8894 shares.