Form 4: First Busey Corp Executive Reports Changes in Beneficial Ownership

Jeffrey David Jones, EVP & CFO of First Busey Corp, reports transactions involving common stock and derivative securities, including acquisitions, disposals, and vesting of performance stock units.

Summary

• Jeffrey David Jones, the EVP & CFO of First Busey Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On October 28, 2024, Jones acquired 64.0174 shares of common stock through dividend reinvestment in the Employee Stock Purchase Plan at a price of $24.5024 per share.
• On January 31, 2025, Jones acquired 5,452 shares through the vesting of Performance Stock Units and 722 shares through the settlement of accumulated dividend equivalent rights.
• Also on January 31, 2025, 2,991 shares were withheld to satisfy tax obligations related to the settlement of Performance Stock Units and dividend equivalent shares at a price of $24.28.
• Additionally, on January 31, 2025, Jones acquired 788 shares representing dividend equivalent rights accrued on Restricted Stock Units.
• Jones also indirectly owns 600 shares through a Spouse IRA.
• Following these transactions, Jones directly owns 96,763 shares of common stock and indirectly owns 600 shares through a Spouse IRA, as well as 6,599.7876 shares through the Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to stock-based compensation and tax obligations. There's no indication of unusual or concerning activity.

Positives

• The vesting of Performance Stock Units and settlement of dividend equivalent rights indicate that performance goals were met.
• Continued participation in the Employee Stock Purchase Plan shows confidence in the company's future.

Negatives

• The disposal of shares to cover tax obligations reduces Jones's direct holdings, although this is a common practice.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.
• Employees participating in the Employee Stock Purchase Plan are also stakeholders affected by these transactions.

Key Dates

Keywords

Form 4, beneficial ownership, First Busey Corp, Jones Jeffrey David, performance stock units, dividend equivalent rights, employee stock purchase plan, insider trading