FIRST BUSEY exec reports tax share withholding

FIRST BUSEY CORP executive Chip S. Jorstad, Chief Credit Officer, reported a tax-related share disposition.

Accepted by SEC EDGAR 03/03/2026 - 04:57 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

FIRST BUSEY CORP executive Chip S. Jorstad, Chief Credit Officer, reported a tax-related share disposition. On March 1, common shares were withheld at $25.36 per share to cover taxes due upon settlement of vested restricted stock units. The transaction involved 6,886 shares and was recorded as a tax-withholding disposition, not an open-market sale. After this event, Jorstad’s directly held common stock totaled 59,099.356 shares.

Insider Trade Summary

Exercise Price or Tax Liability: 6,886 shares

Exercise Price or Tax Liability 1 txn

Insider Jorstad Chip S.

Role Chief Credit Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	6,886	$25.36	$175K

Holdings After Transaction: Common Stock — 59,099.356 shares (Direct)

Footnotes (1)

1. F1. Upon settlement of vested Restricted Stock Units, shares were withheld to satisfy the related tax obligation.

FAQ

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

What insider transaction did FIRST BUSEY CORP (BUSE) report for Chip S. Jorstad?

FIRST BUSEY CORP reported that Chief Credit Officer Chip S. Jorstad had 6,886 common shares withheld. The shares were used to satisfy tax obligations upon settlement of vested restricted stock units, rather than representing an open-market purchase or sale.

How many FIRST BUSEY CORP (BUSE) shares were involved in Jorstad’s Form 4 filing?

The Form 4 shows 6,886 shares of FIRST BUSEY CORP common stock were disposed of. These shares were withheld at settlement of vested restricted stock units to cover related tax liabilities, according to the filing’s transaction code and accompanying footnote description.

At what price were the withheld FIRST BUSEY CORP (BUSE) shares valued in the Form 4?

The withheld FIRST BUSEY CORP common shares were valued at $25.36 per share. This price applies to the 6,886 shares used to cover tax obligations arising from the settlement of vested restricted stock units held by executive Chip S. Jorstad.

How many FIRST BUSEY CORP (BUSE) shares does Chip S. Jorstad hold after this transaction?

After the tax-withholding disposition, Chip S. Jorstad directly holds 59,099.356 FIRST BUSEY CORP common shares. This figure reflects his remaining direct ownership following the withholding of 6,886 shares related to vested restricted stock unit settlement taxes.

Was the FIRST BUSEY CORP (BUSE) Form 4 transaction an open-market sale by Jorstad?

No, the transaction was not an open-market sale. The Form 4 classifies it as a tax-withholding disposition, where shares were withheld upon settlement of vested restricted stock units to satisfy associated tax obligations, as explained in the filing’s footnote.

What role does Chip S. Jorstad hold at FIRST BUSEY CORP (BUSE) in this Form 4?

In this Form 4, Chip S. Jorstad is identified as Chief Credit Officer of FIRST BUSEY CORP. The reported transaction involves his directly held common stock, related to the tax treatment of vested restricted stock units settling into shares.

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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
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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 KS 66211

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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

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

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

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	03/01/2026		F		6,886(1)	D	$25.36	59,099.356	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. Upon settlement of vested Restricted Stock Units, shares were withheld to satisfy the related tax obligation.

Remarks:

	/s/ Carolyn Slattery, attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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