Mike Maddox of First Busey (BUSE) reports PSU vesting and ends insider reporting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Busey Corporation insider Mike Maddox reported multiple equity transactions and a change in reporting status. As President and director, he acquired small amounts of First Busey common stock through the company’s Employee Stock Purchase Plan on October 31, 2025 and December 31, 2025 via dividend reinvestment and plan purchases.
On January 27, 2026, he received 40,614 shares of common stock at no cost from vesting of performance-based restricted stock units and related dividend equivalents in connection with his departure from First Busey Corporation, bringing his directly held common stock to about 252,470.6021 shares. He also reports direct and indirect holdings of preferred stock, depositary shares, and stock appreciation rights, while disclaiming beneficial ownership of securities held by his spouse and stepson. Effective January 27, 2026, he is no longer subject to Section 16 for First Busey equity and will no longer file Forms 4 or 5.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Maddox Mike
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 40,614 | $0.00 | -- |
| Grant/Award | Common Stock | 270.117 | $19.618 | $5K |
| Grant/Award | Common Stock | 4.192 | $23.3596 | $97.92 |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Series A Non-Cumulative Perpetual Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Series A Non-Cumulative Perpetual Preferred Stock | -- | -- | -- |
| holding | Depositary Shares, 1/40 interest in Series B Preferred Stock | -- | -- | -- |
| holding | Depositary Shares, 1/40 interest in Series B Preferred Stock | -- | -- | -- |
| holding | Depositary Shares, 1/40 interest in Series B Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 252,470.602 shares (Direct);
Stock Appreciation Right — 38,142 shares (Direct);
Series A Non-Cumulative Perpetual Preferred Stock — 50 shares (Direct);
Common Stock — 4,739 shares (Indirect, Spouse);
Series A Non-Cumulative Perpetual Preferred Stock — 100 shares (Indirect, Spouse);
Depositary Shares, 1/40 interest in Series B Preferred Stock — 40,280 shares (Indirect, Spouse)
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). Shares were purchased through the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under Rule 16b-3(c). Represents shares acquired upon vesting of performance-based restricted stock unit awards (each, a "PSU") and dividend equivalent shares accrued for such PSUs in connection with the departure of the reporting person from First Busey Corporation. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. 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 $0.001 per share.
FAQ
What insider transactions did Mike Maddox report for First Busey (BUSE)?
Mike Maddox reported acquiring First Busey common stock through the Employee Stock Purchase Plan and from vesting performance-based restricted stock units. These included small dividend reinvestments, plan purchases, and 40,614 shares received at no cost upon his departure from First Busey Corporation.
How were the smaller First Busey common stock amounts acquired by Mike Maddox?
The smaller share amounts were acquired through First Busey’s Employee Stock Purchase Plan. One transaction reflects dividend reinvestment exempt under Rules 16b-3(c) and 16b-3(d), while another reflects plan purchases exempt under Rule 16b-3(c), both adding modest increments to his holdings.
Is Mike Maddox still required to file insider reports for First Busey (BUSE)?
No. The filing states that effective January 27, 2026, Mike Maddox is no longer subject to Section 16 regarding First Busey equity transactions. As a result, he will no longer report such transactions on Form 4 or Form 5 for the company.
What derivative awards tied to First Busey stock does Mike Maddox report holding?
He reports several stock appreciation rights linked to First Busey common stock, each with specified exercise prices and expiration dates. The positions include rights over 38,142, 15,257, 17,292, and 40,050 underlying common shares, all held directly as of the transaction reporting date.
First Busey