Maddox Mike 4
4 · FIRST BUSEY CORP /NV/ · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
First Busey (BUSE) President Mike Maddox Receives 40,614-Share Award
What Happened
Mike Maddox, President and a director of First Busey Corporation (BUSE), acquired a total of 40,614 shares on January 27, 2026 upon vesting of performance-based restricted stock units (PSUs) and associated dividend equivalents (reported at $0.00). He also acquired 4.192 shares on Oct 31, 2025 (4.192 @ $23.36 = $98) and 270.117 shares on Dec 31, 2025 (270.117 @ $19.62 = $5,299) through the company’s Employee Stock Purchase Plan (ESPP).
Key Details
- Transaction dates and amounts:
- 2025-10-31: 4.192 shares @ $23.36 — $98 (ESPP dividend reinvestment) (F1)
- 2025-12-31: 270.117 shares @ $19.62 — $5,299 (ESPP purchase) (F2)
- 2026-01-27: 40,614 shares @ $0.00 — $0 (PSU vesting and dividend equivalents) (F3)
- Shares owned after these transactions: Not specified in this report.
- Notable footnotes:
- F1/F2: ESPP purchases/dividend reinvestments exempt under Rule 16b-3 (routine employee plan transactions).
- F3: PSU shares and dividend equivalents were acquired in connection with the reporting person’s departure from the company.
- F4: Reporting person disclaims beneficial ownership of certain securities as noted in the filing.
- Filing timeliness: The Form 4 was filed 2026-01-29. The Jan 27, 2026 PSU vesting was reported promptly; the earlier Oct 31 and Dec 31 ESPP transactions were reported after those transaction dates.
Context
- The 40,614-share entry reflects vesting of previously granted performance-based restricted stock units (PSUs) and related dividend equivalents — reported as acquired at $0 because they were compensation awards, not open-market purchases.
- ESPP transactions are routine employee purchases/dividend reinvestments and are generally treated as non-speculative.
- The filing notes that effective Jan 27, 2026, Maddox is no longer subject to Section 16 reporting requirements and therefore will not file future Form 4/Form 5 reports for equity transactions.
This summary is factual and routine: awards and ESPP purchases are common for executives and do not by themselves indicate a buy/sell opinion.
Insider Transaction Report
- Award
Common Stock
[F1]2025-10-31$23.36/sh+4.192$98→ 211,586.485 total - Award
Common Stock
[F2]2025-12-31$19.62/sh+270.117$5,299→ 211,856.602 total - Award
Common Stock
[F3]2026-01-27+40,614→ 252,470.602 total
- 50
Series A Non-Cumulative Perpetual Preferred Stock
- 4,739(indirect: By Spouse)
Common Stock
[F4] - 100(indirect: By Spouse)
Series A Non-Cumulative Perpetual Preferred Stock
[F4] - 40,280(indirect: By Spouse)
Depositary Shares, 1/40 interest in Series B Preferred Stock
[F5][F4] - 460(indirect: Stepson)
Depositary Shares, 1/40 interest in Series B Preferred Stock
[F5][F4] - 460(indirect: Stepson)
Depositary Shares, 1/40 interest in Series B Preferred Stock
[F5][F4] - 38,142
Stock Appreciation Right
Exercise: $9.37From: 2025-03-01Exp: 2028-01-24→ Common Stock (38,142 underlying) - 15,257
Stock Appreciation Right
Exercise: $11.24From: 2025-03-01Exp: 2028-05-01→ Common Stock (15,257 underlying) - 17,292
Stock Appreciation Right
Exercise: $14.01From: 2025-03-01Exp: 2030-06-01→ Common Stock (17,292 underlying) - 40,050
Stock Appreciation Right
Exercise: $21.35From: 2025-03-01Exp: 2033-07-26→ Common Stock (40,050 underlying)
Footnotes (5)
- [F1]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).
- [F2]Shares were purchased through the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under Rule 16b-3(c).
- [F3]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.
- [F4]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.
- [F5]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.