Form 4: First Busey Corp EVP Chief Risk Officer Reports Routine Stock Transactions

Monica L. Bowe, EVP Chief Risk Officer of First Busey Corp, reported recent acquisitions through an employee stock plan and dispositions for tax obligations related to vested restricted stock units.

Summary

• Monica L. Bowe, Executive Vice President and Chief Risk Officer of First Busey Corp, reported two transactions involving the company's common stock.
• On June 30, 2025, Bowe acquired 128.1737 shares of common stock at a price of $18.3345 per share through the First Busey Corporation Employee Stock Purchase Plan, a transaction exempt under Rule 16b-3(c).
• Following this purchase, Bowe's direct beneficial ownership was 2,944.1656 shares.
• On July 7, 2025, Bowe disposed of 7,152 shares of common stock at a price of $24 per share.
• These shares were withheld to satisfy tax obligations upon the settlement of vested Restricted Stock Units.
• After these reported transactions, Bowe's direct beneficial ownership of First Busey Corp common stock stands at 60,036 shares.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the executive's participation in the Employee Stock Purchase Plan and the implied vesting of Restricted Stock Units, which are routine and generally favorable events for executives. The tax withholding is an administrative necessity.

Positives

• The acquisition of 128.1737 shares through the Employee Stock Purchase Plan indicates continued participation and investment by a key executive in the company's equity.
• The disposition of shares was for tax withholding upon the settlement of vested Restricted Stock Units, implying that RSUs previously granted to the executive have vested, which is a positive event for the executive and a common compensation practice.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report for a financial institution. Such transactions are common for executives receiving equity compensation and participating in employee stock plans, and do not inherently reflect broader industry trends.

Stakeholder Impact

• Shareholders: The report provides transparency into executive stock ownership and compensation practices. The net change in direct ownership for this executive is a decrease of 7,023.8263 shares (7,152 disposed 128.1737 acquired), primarily due to tax withholding on vested equity, which is a common and expected event for executives receiving equity compensation.

Key Dates

Keywords

SEC Form 4, Insider Transaction, First Busey Corp, BUSE, Monica L. Bowe, Employee Stock Purchase Plan, Restricted Stock Units, Tax Withholding, Common Stock, Executive Compensation