First Busey EVP withholds shares for taxes
First Busey Corp executive John Joseph Powers reported a tax-related share withholding.
Rhea-AI Filing Summary
First Busey Corp executive John Joseph Powers reported a tax-related share withholding. On settlement of vested restricted stock units, 8,439 shares of common stock were withheld at a price of $25.36 per share to satisfy the related tax obligation.
After this tax-withholding disposition, Powers directly owns 109,870.2836 shares of First Busey common stock and indirectly holds 22,287 shares through a 401(K) & P/S Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 8,439 shares
Exercise Price or Tax Liability
2 txns
Insider
Powers John Joseph
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 8,439 | $25.36 | $214K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 109,870.2836 shares (Direct);
Common Stock — 22,287 shares (Indirect, 401(K) & P/S Plan)
Footnotes (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 (BUSE) report for John Joseph Powers?
First Busey reported that John Joseph Powers had 8,439 common shares withheld to cover taxes when restricted stock units vested. This is a tax-withholding disposition, not an open market sale, and reflects settlement of equity compensation.
Was the First Busey (BUSE) Form 4 transaction a sale by John Joseph Powers?
The transaction is classified as a tax-withholding disposition, not an open market sale. Shares were withheld upon settlement of vested restricted stock units to pay the associated tax liability, a common mechanism for equity compensation.
What role does John Joseph Powers hold at First Busey (BUSE)?
John Joseph Powers serves as Executive Vice President & General Counsel at First Busey Corp. His Form 4 filing reflects equity compensation activity tied to this senior leadership position within the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.