Jorstad Chip S. 4
4 · FIRST BUSEY CORP /NV/ · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
First Busey (BUSE) Chief Credit Officer Chip Jorstad Withholds 6,886 Shares
What Happened
- Chip Jorstad, Chief Credit Officer of First Busey Corp (BUSE), had 6,886 shares withheld to satisfy tax obligations related to the settlement of vested restricted stock units (RSUs). The withholding was recorded at $25.36 per share, for a total value of approximately $174,629. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date and price: March 1, 2026 — 6,886 shares at $25.36 per share.
- Total value of withheld shares: ~$174,629.
- Shares owned after the transaction: not specified in the filing.
- Footnote: F1 — shares were withheld upon settlement of vested RSUs to satisfy related tax obligations.
- Filing date: March 3, 2026 (reported via Form 4); filing appears to have been submitted shortly after the transaction.
Context
- This transaction reflects tax withholding on RSU vesting (a common administrative event) rather than an open-market sale or new purchase. Such withholdings generally do not indicate the insider’s view of the company’s future performance. Transaction code F denotes tax withholding/disposition.
Insider Transaction Report
Form 4
Jorstad Chip S.
Chief Credit Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-03-01$25.36/sh−6,886$174,629→ 59,099.356 total
Footnotes (1)
- [F1]Upon settlement of vested Restricted Stock Units, shares were withheld to satisfy the related tax obligation.
Signature
/s/ Carolyn Slattery, attorney-in-fact|2026-03-03