Form 4: First Busey Corp Director Michael Cassens Sells Shares Under 10b5-1 Plan

Director Michael Cassens of First Busey Corp sold 2,300 shares of common stock at an average price of $22.3637, according to a recent SEC Form 4 filing.

Summary

• Michael David Cassens, a director of First Busey Corp, reported a transaction involving the sale of company stock.
• On April 15, 2024, Cassens sold 2,300 shares of common stock.
• The sale was executed at a weighted average price of $22.3637 per share.
• The total number of shares beneficially owned following the reported transaction is 139,804.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on May 25, 2022.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction under a pre-existing trading plan. There is no indication of positive or negative sentiment towards the company's prospects.

Industry Context

Sales by insiders are a normal part of corporate activity. It is important to consider the context of the sale, such as the use of a 10b5-1 plan, which suggests the sale was pre-planned and not based on current market information.

Key Dates