FIRST BUSEY CORP /NV/·4

Feb 3, 4:40 PM ET

Jorstad Chip S. 4

Research Summary

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Updated

First Busey (BUSE) Chief Credit Officer Chip Jorstad Receives Award

What Happened

  • Chip S. Jorstad, Chief Credit Officer of First Busey Corporation (BUSE), was reported to have received 376 shares as an award (transaction code A) on January 30, 2026. The filing shows an acquisition price of $0.00, indicating these are a non‑cash grant of dividend-equivalent rights tied to restricted stock units.

Key Details

  • Transaction date: 2026-01-30
  • Transaction type/code: Award/Grant (A)
  • Shares/units acquired: 376
  • Reported price: $0.00 (non-cash award)
  • Shares owned following transaction: Not specified in the provided filing
  • Footnote: These 376 units represent dividend equivalent rights accrued on Restricted Stock Units in connection with a cash dividend; each dividend equivalent right is the economic equivalent of one share.
  • Filing date: 2026-02-03 — filed within the standard two-business-day window (timely)

Context

  • This was an award of dividend-equivalent rights on existing RSUs rather than an open‑market purchase or sale, so it reflects compensation-related accruals rather than a direct insider investment decision. Such grants are common for executive compensation and do not by themselves indicate a buy or sell signal.