First Busey officer receives stock awards

First Busey Corp Chief Credit Officer Chip S. Jorstad reported compensation-related share acquisitions, not open‑market trades.

Rhea-AI Filing Summary

First Busey Corp Chief Credit Officer Chip S. Jorstad reported compensation-related share acquisitions, not open‑market trades. He acquired 238 shares of common stock at a reported price of $0.0000 per share and 429.3906 shares at $20.3150 per share under award arrangements.

Following these grants, Jorstad directly holds 64,781.7466 shares of First Busey common stock. Footnotes explain that some shares were acquired under the Employee Stock Purchase Plan and others represent dividend equivalent rights tied to Restricted Stock Units, indicating these are part of ongoing equity compensation rather than discretionary market purchases or sales.

Insider Trade Summary

Grant/Award: 667.3906 shares

Grant/Award 2 txns

Insider Jorstad Chip S.

Role Chief Credit Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	238	$0.00	$0.00
Grant/Award	Common Stock	429.3906	$20.315	$9K

Holdings After Transaction: Common Stock — 64,781.7466 shares (Direct)

Footnotes (2)

1. F1. Shares were acquired under the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).
2. 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.

Key Figures

Awarded shares (no-cash grant): 238 shares Awarded shares (priced grant): 429.3906 shares Total holdings after latest transaction: 64,781.7466 shares +2 more

5 metrics

Awarded shares (no-cash grant) 238 shares Common Stock, price $0.0000 per share, code A

Awarded shares (priced grant) 429.3906 shares Common Stock, price $20.3150 per share, code A

Total holdings after latest transaction 64,781.7466 shares Direct ownership following May 1, 2026 award

Transaction count (acquisitions) 2 transactions Both coded A as grant/award acquisitions

Rule 16b-3 exemptions referenced Rule 16b-3(c), Rule 16b-3(d) Footnote describing ESPP acquisition exemption

Key Terms

Employee Stock Purchase Plan, dividend equivalent rights, Restricted Stock Units, Rule 16b-3(c), +1 more

5 terms

Employee Stock Purchase Plan financial

"Shares were acquired under 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.

dividend equivalent rights financial

"Represents dividend equivalent rights accrued on Restricted Stock Units"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

Restricted Stock Units financial

"rights accrued on Restricted Stock Units in connection with the payment of a cash dividend"

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)"

Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did First Busey (BUSE) disclose for Chip S. Jorstad?

First Busey disclosed that Chief Credit Officer Chip S. Jorstad acquired company common stock through equity awards, not open‑market trades. The Form 4 shows two award transactions classified as grants or other acquisitions, reflecting ongoing equity compensation rather than discretionary buying or selling activity.

How many First Busey (BUSE) shares did Chip S. Jorstad acquire in this Form 4?

Chip S. Jorstad acquired 238 shares of First Busey common stock at a reported price of $0.0000 per share and 429.3906 shares at $20.3150 per share. Both transactions are coded as award or other acquisitions, indicating they stem from compensation or plan participation rather than market purchases.

What is Chip S. Jorstad’s total First Busey (BUSE) shareholding after these transactions?

After the reported transactions, Chip S. Jorstad directly holds 64,781.7466 shares of First Busey common stock. This figure reflects his position following the latest award acquisition and provides context for the scale of these equity grants relative to his overall ownership.

Were Chip S. Jorstad’s First Busey (BUSE) transactions open‑market buys or compensation awards?

The transactions are compensation-related awards, not open‑market buys. Both are coded as grants or other acquisitions, with footnotes stating that shares were acquired under the Employee Stock Purchase Plan and through dividend equivalent rights on Restricted Stock Units, consistent with ongoing equity compensation programs.

What do the dividend equivalent rights mean in the First Busey (BUSE) Form 4?

Dividend equivalent rights represent additional units credited when First Busey pays cash dividends on its common stock. Each right is the economic equivalent of one share, accruing on outstanding Restricted Stock Units so award holders receive dividend-like value while their RSUs remain unvested or outstanding.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 05:41 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jorstad Chip S.

(Last) (First) (Middle)

11440 TOMAHAWK CREEK PARKWAY

(Street)

LEAWOOD KANSAS 66211

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST BUSEY CORP /NV/ [ BUSE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Credit Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/31/2026		A	V	429.3906(1)	A	$20.315	64,543.7466	D
Common Stock	05/01/2026		A		238(2)	A	$0	64,781.7466	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were acquired under the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d).

2. 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.

Remarks:

	/s/ Carolyn Slattery, attorney-in-fact	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)