Phillips Scott A. 4

What Happened

• Scott A. Phillips, Chief Accounting Officer of First Busey Corp (BUSE), had 613 shares withheld to satisfy tax withholding related to the settlement of vested Restricted Stock Units (RSUs). The withholding was reported as a disposition (code F) on 2026-03-01 at $25.36 per share, totaling $15,546.
• This was a tax-withholding action on RSU settlement (routine disposition), not an open-market sale or purchase.

Key Details

• Transaction date and price: 2026-03-01 at $25.36 per share.
• Shares withheld/disposed: 613 shares; aggregate value $15,546.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 — shares were withheld to satisfy tax obligation on vested RSUs; F2 — note on depositary share structure (each depositary share = 1/40th interest in a Series B preferred share).
• Filing timeliness: Reported on 2026-03-03 for a 2026-03-01 transaction; appears to be filed within the standard Section 16 reporting window.

Context

• Tax-withholding on RSU vesting is a common, routine transaction and is recorded as a disposition (code F). It does not necessarily signal the insider's view of the company's stock—unlike open-market purchases, it is primarily administrative to cover tax obligations.