First Busey (BUSE) CAO logs tax-withholding share disposition

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Form Type

Rhea-AI Filing Summary

First Busey Corp Chief Accounting Officer Scott A. Phillips reported a tax-related share withholding tied to vested Restricted Stock Units. On March 1, 2026, 613 shares of common stock were withheld at $25.36 per share to satisfy the related tax obligation, classified as a tax-withholding disposition.

After this transaction, Phillips directly held 15,372.4997 shares of First Busey common stock. He also directly held 3,350 Depositary Shares, each representing a 1/40th interest in a share of the company’s 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Phillips Scott A.

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	613	$25.36	$16K
holding	Depositary Shares, 1/40 interest in Series B Preferred Stock	--	--	--

Holdings After Transaction: Common Stock — 15,372.5 shares (Direct); Depositary Shares, 1/40 interest in Series B Preferred Stock — 3,350 shares (Direct)

Footnotes (1)

Upon settlement of vested Restricted Stock Units, shares were withheld to satisfy the related tax obligation. 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 $0.01 per share.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 04:57 PM

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^*

Phillips Scott A.

(Last)

(First)

(Middle)

11440 TOMAHAWK CREEK PARKWAY

(Street)

LEAWOOD

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 Accounting 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/01/2026		F		613⁽¹⁾	D	$25.36	15,372.4997	D
Depositary Shares, 1/40 interest in Series B Preferred Stock⁽²⁾								3,350	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

2. 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 $0.01 per share.

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.
* 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did First Busey (BUSE) report for Scott A. Phillips?

First Busey Chief Accounting Officer Scott A. Phillips reported a tax-withholding disposition of 613 common shares. The shares were withheld upon settlement of vested Restricted Stock Units to satisfy related tax obligations, rather than representing an open-market purchase or sale of stock.

How many First Busey (BUSE) common shares does Scott A. Phillips hold after the transaction?

Following the March 1, 2026 tax-withholding disposition, Scott A. Phillips directly owned 15,372.4997 First Busey common shares. This figure reflects his remaining direct holdings after 613 shares were withheld to cover taxes on the settlement of vested Restricted Stock Units.

What was the price used for the 613 withheld First Busey (BUSE) shares?

The 613 First Busey common shares withheld for tax purposes were valued at $25.36 per share. This price was used in connection with settling tax obligations arising from the vesting and settlement of Restricted Stock Units granted to Chief Accounting Officer Scott A. Phillips.

What are the Depositary Shares reported by Scott A. Phillips in First Busey (BUSE)?

Scott A. Phillips directly held 3,350 Depositary Shares after the reported date. Each Depositary Share represents a 1/40th interest in a share of First Busey’s 8.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B, with a par value of $0.01 per share.

Was the First Busey (BUSE) insider transaction a buy or a sale?

The reported insider transaction was a tax-withholding disposition, categorized as a dispose action. Shares were withheld upon settlement of vested Restricted Stock Units to satisfy the related tax obligation, rather than being bought or sold in an ordinary market transaction.