First Busey (BUSE) EVP records tax and dividend share moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Busey EVP & General Counsel John Joseph Powers reported routine stock movements tied to compensation and dividend programs, not open-market trading. On January 30, 2026, he acquired 183.9897 shares of common stock at $24.80 per share through dividend reinvestment in the Employee Stock Purchase Plan.
On March 26, 2026, 1,359 shares of common stock were disposed of at $24.96 per share to cover tax obligations upon settlement of vested Restricted Stock Units. After these transactions, he directly owns 108,695.2733 shares of First Busey common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Powers John Joseph
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,359 | $24.96 | $34K |
| Grant/Award | Common Stock | 183.99 | $24.80 | $5K |
Holdings After Transaction:
Common Stock — 108,695.273 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.
Key Figures
Dividend reinvestment shares: 183.9897 shares
Tax-withholding shares: 1,359 shares
Share price (dividend reinvestment): $24.80 per share
+2 more
5 metrics
Dividend reinvestment shares
183.9897 shares
Acquired at $24.80 on January 30, 2026 via ESPP dividend reinvestment
Tax-withholding shares
1,359 shares
Disposed at $24.96 on March 26, 2026 to cover RSU taxes
Share price (dividend reinvestment)
$24.80 per share
Price for 183.9897 shares acquired January 30, 2026
Share price (tax withholding)
$24.96 per share
Value for 1,359 shares withheld March 26, 2026
Shares owned after transactions
108,695.2733 shares
Direct ownership after March 26, 2026 activity
Key Terms
Employee Stock Purchase Plan, Restricted Stock Units, Rule 16b-3(c), Rule 16b-3(d), +1 more
5 terms
Employee Stock Purchase Plan financial
"Shares were acquired through 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.
Restricted Stock Units financial
"Upon settlement of vested Restricted Stock Units, shares were withheld to satisfy the related tax obligation"
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.
Rule 16b-3(c) regulatory
"transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
Rule 16b-3(d) regulatory
"transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d)"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transactions did First Busey (BUSE) report for John Joseph Powers?
First Busey reported that EVP & General Counsel John Joseph Powers received 183.9897 shares via dividend reinvestment and had 1,359 shares withheld to cover taxes on vested Restricted Stock Units. These are compensation-related and plan-based, not open-market buy or sell trades.
Were John Joseph Powers’ Form 4 transactions in BUSE stock open-market buys or sells?
The reported transactions were not open-market trades. Shares were acquired through dividend reinvestment in an Employee Stock Purchase Plan and disposed of solely to satisfy tax obligations on vested Restricted Stock Units, indicating routine administrative movements rather than discretionary buying or selling.
What does the tax-withholding disposition mean in the First Busey Form 4 filing?
The tax-withholding disposition reflects 1,359 shares withheld upon settlement of vested Restricted Stock Units to cover related tax obligations. This is coded as an F transaction and represents an administrative transfer to satisfy taxes, not a discretionary sale in the open market.