Jorstad Chip S. 4

What Happened
Chip S. Jorstad, Chief Credit Officer of First Busey Corporation (BUSE), reported two acquisitions (code A = award/grant): 429.391 shares purchased at $20.32 each (total value reported $8,723) on 2026-03-31, and 238 shares reported at $0.00 (acquired on 2026-05-01) with $0 value reported. These were plan/award transactions — not open-market buys or sales — and are typically compensation-related rather than direct bullish bets.

Key Details

• Transaction dates and prices:
  • 2026-03-31: 429.391 shares @ $20.32 — reported value $8,723 (acquisition code A).
  • 2026-05-01: 238 shares @ $0.00 — reported value $0 (acquisition code A).
• Footnotes:
  • F1: The 429.391 shares were acquired under the First Busey Employee Stock Purchase Plan; transactions were exempt under Rule 16b-3(c) and 16b-3(d).
  • F2: The 238 shares represent dividend-equivalent rights accrued on Restricted Stock Units (each equivalent to one share).
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Filing timeliness: Form 4 was filed 2026-05-05 covering transactions from 2026-03-31 and 2026-05-01 — this appears delayed relative to the usual two-business-day Form 4 reporting requirement.

Context

• These entries are awards/plan acquisitions (employee purchase and dividend equivalents) and should be read as compensation-related issuances rather than market purchases or sales. Dividend-equivalent shares reflect payments tied to RSUs and are often reported at $0 when issued as credits.
• Transaction code A indicates grant/award; no sales or option exercises were reported for this insider in this filing.