Jorstad Chip S. 4

What Happened
Chip S. Jorstad, Chief Credit Officer of First Busey Corp (BUSE), had 872 shares withheld at $24.96 each to satisfy tax withholding related to the settlement of vested restricted stock units (RSUs). The withheld shares represent a disposition with a total value of $21,765. This was an administrative tax-withholding event rather than an open-market sale.

Key Details

• Transaction date and price: 2026-03-26, 872 shares withheld @ $24.96 per share (total $21,765).
• Transaction type/code: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after transaction: Not specified in the filing.
• Filing: Form 4 filed 2026-03-30 for the 2026-03-26 transaction; filing appears to be timely (filed within required reporting window).
• Footnote: F1 — Upon settlement of vested RSUs, shares were withheld to satisfy the related tax obligation.

Context
Withholdings for taxes on vested RSUs are routine administrative dispositions and do not indicate a judgment to sell shares on the market. For retail investors, purchases or open-market sales are typically more informative about insider sentiment than tax-withholding transactions.