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FIRST BUSEY CORP /NV/·4

Jan 29, 5:21 PM ET

Maddox Mike 4

Research Summary

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Updated

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.