First Busey (BUSE) Chief Credit Officer Chip Jorstad Buys Stock

What Happened

• Chip Jorstad, Chief Credit Officer of First Busey Corporation (BUSE), reported two acquisitions: a purchase of 268.51 shares on 2026-06-30 at $21.66 per share (total ≈ $5,815) and an acquisition of 207 shares on 2026-07-31 recorded at $0.00 (dividend-equivalent accruals).
• The June transaction was a cash purchase under the company’s employee plan; the July entry reflects dividend-equivalent rights tied to restricted stock units (RSUs), not a cash purchase.

Key Details

• Transaction dates and amounts:
  • 2026-06-30: 268.51 shares acquired at $21.66/share, reported value $5,815. (Footnote F1: purchased via the First Busey Employee Stock Purchase Plan; exempt under Rule 16b-3.)
  • 2026-07-31: 207 shares acquired at $0.00 (reported as dividend-equivalent rights on RSUs). (Footnote F2: dividend equivalent rights equal the economic equivalent of one common share.)
• Filing info: Form 4 filed with accession 0002058353-26-000011 on 2026-08-04 covering the period ended 2026-07-31.
• Shares owned after the transactions: not provided in the excerpt; see the full EDGAR filing for the post-transaction holdings.
• No 10b5-1 plan, tax-withholding, or late-filing flag was provided in the supplied data—confirm timeliness and full details on EDGAR if needed.

Context

• The June purchase via an ESPP is a routine, employee stock-purchase transaction and is typically interpreted as a modest, non-speculative buy; the amount (~$5.8k) is small relative to common-insider trades.
• The July entry is non-cash: dividend-equivalent rights tied to RSUs are an accrual of value, not a market purchase or sale, and simply reflect dividend treatment of outstanding equity awards.