First Busey Corp Chief Credit Officer Chip S. Jorstad filed a Form 4 on November 3, 2026, disclosing two acquisitions of common stock occurring on September 30, 2026, and October 30, 2026.

Key Highlights

  • ESPP purchase: Jorstad acquired 261.715 shares of common stock on September 30, 2026, at a price of $24.7605 per share through the First Busey Corporation Employee Stock Purchase Plan.
  • Dividend equivalent rights: On October 30, 2026, Jorstad acquired 223 shares at $0, representing dividend equivalent rights accrued on Restricted Stock Units in connection with a cash dividend payment.
  • Post-transaction ownership: Following both transactions, Jorstad directly beneficially owned 65,741.9712 shares of common stock.
  • ESPP exemption: According to the filing, the September 30 share purchase was exempt under both Rule 16b-3(c) and Rule 16b-3(d).
  • Signing authority: The form was signed by Catherine Alqallaf as attorney-in-fact on November 3, 2026.

Details of Jorstad's Two Share Acquisitions at First Busey Corp

According to the Form 4 filed with the SEC on November 3, 2026, Chip S. Jorstad, Chief Credit Officer of First Busey Corp (NASDAQ:BUSE), reported two separate acquisitions of the company's common stock. Both transactions are listed as direct ownership and reflect increases to his beneficial holdings.

The first transaction, dated September 30, 2026, involved the acquisition of 261.715 shares at $24.7605 per share through the First Busey Corporation Employee Stock Purchase Plan. The filing states these shares "were purchased through the First Busey Corporation Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c) and Rule 16b-3(d)." Following this transaction, Jorstad's directly held beneficial ownership stood at 65,518.9712 shares.

The second transaction, dated October 30, 2026, involved the acquisition of 223 shares at a price of $0. The filing describes these as dividend equivalent rights accrued on Restricted Stock Units in connection with the payment of a cash dividend on First Busey Corporation Common Stock, noting that "each dividend equivalent right is the economic equivalent of one share of First Busey Corporation Common Stock." After this transaction, Jorstad's total direct beneficial ownership increased to 65,741.9712 shares.

What Was Disclosed

The Form 4 disclosed two acquisitions of First Busey Corp common stock by Chief Credit Officer Chip S. Jorstad: an Employee Stock Purchase Plan purchase on September 30, 2026, and dividend equivalent rights on Restricted Stock Units on October 30, 2026, bringing his total direct holdings to 65,741.9712 shares.