Form 4: First Busey EVP Powers Sells Shares for Tax
Insider Transaction Report
First Busey Corp EVP & General Counsel John J. Powers disposed of 1,832 shares of common stock on December 5, 2025, to cover tax obligations related to vested restricted stock units.
Summary
- John J. Powers, EVP & General Counsel of First Busey Corp (BUSE), reported a transaction on December 5, 2025.
- Powers disposed of 1,832 shares of First Busey Corp Common Stock at a price of $24.02 per share.
- This disposition was a non-sale transaction (Code F) where shares were withheld by the issuer to satisfy tax obligations upon the vesting and settlement of performance-based restricted stock unit awards (ROATCE PSUs) and dividend equivalent shares.
- Following this transaction, Powers directly beneficially owns 117,626.2257 shares of Common Stock.
- Additionally, Powers indirectly beneficially owns 21,349 shares through a 401(K) & P/S Plan.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary disposition of shares to cover tax obligations upon the vesting of restricted stock units, which is a neutral event from an investment perspective.
Negatives
- A reduction in direct beneficial ownership by an executive, even if for tax purposes, slightly decreases insider alignment.
Future Outlook
N/A. This Form 4 filing reports a past transaction and does not contain forward-looking statements or guidance.
Industry Context
This routine insider transaction for tax purposes is specific to the individual executive and First Busey Corp, and does not provide broader insights into industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | John J. Powers granted a Power of Attorney to Lynette Strode, Catherine Alqallaf, and Carolyn Slattery, authorizing them to execute and file SEC reports (Forms 3, 4, 5, 144, Schedule 13D/G) on his behalf. This ensures compliance with Section 16(a) and 13(d) of the Exchange Act. | 09/24/2025 | Enhances efficiency and ensures timely compliance with SEC filing requirements for insider transactions and beneficial ownership reporting by the executive. |
Stakeholder Impact
- Shareholders: Minimal impact. A routine tax-related disposition by an executive is not typically seen as a signal of management's confidence or lack thereof, and the number of shares is small relative to the company's total outstanding shares.
- Employees: No direct impact.
- Customers: No direct impact.
- Suppliers: No direct impact.
- Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 09/24/2025 | Date Power of Attorney was executed by John J. Powers. |
| 12/05/2025 | Date of transaction where shares were disposed for tax obligations. |
| 12/09/2025 | Date the Form 4 was signed by Carolyn Slattery, attorney-in-fact. |
Recommendation
holdThis Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax obligations upon the vesting of restricted stock units. Such transactions are common and do not typically reflect a change in the executive's outlook on the company's performance or prospects. Therefore, it does not provide new information that would warrant a change in investment recommendation; a 'hold' stance remains appropriate based solely on this filing.
Keywords
First Busey Corp, BUSE, Insider Transaction, Form 4, Executive Stock Sale, Tax Withholding, Restricted Stock Units, Corporate Governance, John J. Powers
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