Form 4: First Busey Corp Executive Chip S. Jorstad Reports Stock Transactions

Chip S. Jorstad, Chief Credit Officer of First Busey Corp, reports acquisition of common stock through dividend equivalent rights and employee stock purchase plan.

Summary

• Chip S. Jorstad, Chief Credit Officer of First Busey Corporation, filed a Form 4 detailing changes in beneficial ownership.
• On April 25, 2025, Mr. Jorstad acquired 671 shares of common stock through dividend equivalent rights.
• These rights are equivalent to one share of First Busey Corporation stock each.
• On March 31, 2025, Mr. Jorstad acquired 418.7364 shares of common stock at $18.36 per share through the Employee Stock Purchase Plan.
• Following these transactions, Mr. Jorstad beneficially owns 66,174 shares directly and 7,386.6261 shares directly.
• The transactions are exempt under Rule 16b-3(c) and Rule 16b-3(d).

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine stock acquisitions through established compensation plans.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan indicates confidence in the company's future.
• Dividend equivalent rights provide additional value to existing holdings.

Industry Context

Executive stock transactions are common and are closely watched by investors as they can provide insights into management's view of the company's prospects. Employee stock purchase plans are a common benefit.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder sentiment due to the executive's increased stake in the company.
• The Employee Stock Purchase Plan benefits employees.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Purchase Plan, Dividend Equivalent Rights, First Busey Corp, BUSE, Jorstad, Executive Compensation