Form 4: First Busey Corp Chief of Staff Reports Changes in Beneficial Ownership Following Merger

Amy L. Randolph, Chief of Staff at First Busey Corp, reports changes in beneficial ownership of common stock following the merger with CrossFirst Bankshares, Inc.

Summary

• On March 1, 2025, Amy L. Randolph, Chief of Staff of First Busey Corp, reported changes in her beneficial ownership of the company's common stock.
• These changes are related to the merger agreement with CrossFirst Bankshares, Inc. dated August 26, 2024.
• As a result of the merger, 8,962 Issuer ROATCE PSUs were deemed earned based on performance through December 31, 2024.
• Randolph directly acquired 8,962 shares of common stock at $0.
• Following the reported transactions, Randolph directly owns 109,405 shares of common stock and indirectly owns 5,153.6441 shares through the Employee Stock Purchase Plan.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership following a merger. It doesn't contain overtly positive or negative information, but the completion of the merger could be viewed as a moderately positive development.

Future Outlook

The Issuer ROATCE PSU awards remain subject to the same terms and conditions (including service-based vesting terms but excluding performance-based vesting terms) as applied to the Issuer ROATCE PSU immediately prior to the effective time of the merger.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions following a corporate merger, which is a common occurrence in the financial services industry. Mergers and acquisitions often trigger adjustments to equity-based compensation and ownership structures for company executives.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders as it reflects the execution of the merger agreement.
• Employees holding similar equity awards may experience similar adjustments to their holdings.

Key Dates