4/A: First Busey Corp Executive Reports Tax Liability Transaction
SEC Filing
John Joseph Powers, EVP & General Counsel of First Busey Corp, filed an amended Form 4 detailing the withholding of shares to cover tax liabilities related to vested restricted stock units.
Summary
- On July 5, 2024, John Joseph Powers, EVP & General Counsel of First Busey Corp, had shares withheld to cover tax liabilities.
- This transaction involved the withholding of 6,090 shares of common stock at a price of $23.54 per share.
- The filing amends a previous Form 4 filed on July 9, 2024, to correctly classify the transaction as related to tax liability.
- Following the reported transaction, Powers directly owns 89,510.8472 shares of First Busey Corp common stock.
- Powers also indirectly owns 15,436.8976 shares through the Employee Stock Purchase Plan and 20,456 shares through the 401(K) & P/S Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates routine tax-related transactions.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Date of the transaction involving the withholding of shares for tax liability. |
| 07/09/2024 | Date of the original Form 4 filing that was amended. |
| 07/11/2024 | Date of signature on the amended Form 4/A. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.