First Busey (NASDAQ: BUSE) CAO logs RSU tax withholding and share grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Busey Corp Chief Accounting Officer Scott A. Phillips reported routine equity compensation activity. On January 30, 2026, he acquired 53.0626 shares of common stock at $24.80 per share through dividend reinvestment in the Employee Stock Purchase Plan. On March 26, 2026, 288 shares of common stock were withheld at $24.96 per share to cover taxes upon settlement of vested Restricted Stock Units.
After these transactions, he directly holds 15,137.5623 shares of First Busey common stock and 3,350 Depositary Shares, each representing a 1/40th interest in a share of the company’s 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Phillips Scott A.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 288 | $24.96 | $7K |
| Grant/Award | Common Stock | 53.063 | $24.80 | $1K |
| holding | Depositary Shares, 1/40 interest in Series B Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,137.562 shares (Direct);
Depositary Shares, 1/40 interest in Series B Preferred Stock — 3,350 shares (Direct)
Footnotes (1)
- 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). Upon settlement of vested Restricted Stock Units, shares were withheld to satisfy the related tax obligation. 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.
Key Figures
Tax-withheld shares: 288 shares at $24.96
Dividend reinvestment acquisition: 53.0626 shares at $24.80
Common shares held: 15,137.5623 shares
+2 more
5 metrics
Tax-withheld shares
288 shares at $24.96
Common stock withheld on March 26, 2026 for RSU taxes
Dividend reinvestment acquisition
53.0626 shares at $24.80
Common stock acquired January 30, 2026 via ESPP dividend reinvestment
Common shares held
15,137.5623 shares
Direct First Busey common stock holdings after reported transactions
Depositary Shares held
3,350 Depositary Shares
Each represents 1/40th interest in Series B Preferred Stock
Series B preferred rate
8.25%
Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B dividend rate
Key Terms
Restricted Stock Units, dividend reinvestment, Employee Stock Purchase Plan, Depositary Share, +1 more
5 terms
Restricted Stock Units financial
"Upon settlement of vested Restricted Stock Units, shares were withheld"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend reinvestment financial
"Shares were acquired through dividend reinvestment in the First Busey Corporation Employee Stock Purchase Plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Employee Stock Purchase Plan financial
"dividend reinvestment in the First Busey Corporation Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Non-Cumulative Perpetual Preferred Stock financial
"issuer's 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
FAQ
What did First Busey (BUSE) executive Scott A. Phillips report in this Form 4?
Scott A. Phillips reported routine equity compensation activity. He received common shares via dividend reinvestment and had shares withheld to pay taxes on vested Restricted Stock Units, leaving him with over 15,000 common shares directly held.
What common stock did Scott Phillips acquire in the First Busey (BUSE) Employee Stock Purchase Plan?
Phillips acquired 53.0626 common shares at $24.80 per share through dividend reinvestment in the First Busey Corporation Employee Stock Purchase Plan. This transaction was exempt under Rule 16b-3(c) and Rule 16b-3(d) governing certain insider equity awards.
Does this First Busey (BUSE) Form 4 show open-market buying or selling by Scott Phillips?
The Form 4 does not show open-market trades. It reflects a grant via dividend reinvestment and a tax-withholding disposition when Restricted Stock Units vested, both routine compensation-related transactions rather than discretionary market purchases or sales.