Fauss Amy 4
Research Summary
AI-generated summary
First Busey (BUSE) CITO Amy Fauss Withholds 2,731 Shares for Taxes
What Happened
Amy Fauss, Chief Information & Technology Officer of First Busey Corp (BUSE), had 2,731 shares withheld to satisfy tax withholding upon the settlement of vested restricted stock units (RSUs). The withholding was recorded at $25.36 per share for a total value of $69,258. This was a tax-withholding event (routine) rather than an open-market sale or a purchase.
Key Details
- Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (appears timely).
- Shares withheld: 2,731 at $25.36 each; total value $69,258.
- Transaction code: F (shares withheld to satisfy tax liability).
- Footnote: Upon settlement of vested RSUs, shares were withheld to satisfy the related tax obligation.
- Shares owned after transaction: not specified in the information provided.
Context
This was a tax-withholding/cashless settlement of vested RSUs — the company retained shares to cover taxes rather than the insider selling shares on the open market. Such withholding is a routine administrative step and does not necessarily indicate a change in the insider’s view of the company.