First Busey (BUSE) executive logs ROATCE PSU tax share withholding transaction
Rhea-AI Filing Summary
First Busey Corp reported an insider equity compensation event involving its executive vice president and chief risk officer. On December 5, 2025, 1,526 shares of common stock were withheld at a price of $24.02 per share to satisfy tax obligations arising from the vesting and settlement of performance-based restricted stock units tied to Core Return on Average Tangible Common Equity (ROATCE PSUs) and related dividend equivalent shares.
After this tax-related withholding, the officer directly beneficially owned 62,560.6733 shares of First Busey common stock. The transaction was reported as a withholding for taxes rather than an open-market purchase or sale.
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FAQ
What insider transaction did First Busey (BUSE) disclose in this Form 4?
The filing shows that 1,526 shares of First Busey common stock were withheld at $24.02 per share to cover taxes on vested performance-based restricted stock units and related dividend equivalents.
Who is the reporting person in the First Busey (BUSE) Form 4 filing?
The reporting person is an officer of First Busey Corp serving as EVP Chief Risk Officer, as indicated in the relationship section.
How many First Busey (BUSE) shares does the officer own after the transaction?
Following the reported tax withholding, the officer directly beneficially owned 62,560.6733 shares of First Busey common stock.
What triggered the share withholding event at First Busey (BUSE)?
The withholding occurred upon the vesting and settlement of performance-based restricted stock unit awards tied to Core Return on Average Tangible Common Equity (ROATCE PSUs) and associated dividend equivalent shares.
Was the First Busey (BUSE) insider transaction an open-market sale?
No. The explanation states that shares were withheld to satisfy tax obligations, indicating a tax-related disposition rather than an open-market sale.
What is the transaction code used in this First Busey (BUSE) Form 4?
The transaction in Table I is coded "F", which is used for transactions where shares are withheld or delivered to satisfy tax obligations related to equity awards.