First Busey extends CEO Van Dukeman through July 2029 with $2.1M retention award

Filed July 14, 2026 · Period ending July 13, 2026 · ~1 min read

Key Changes

• high

  CEO Van Dukeman's term extended approximately three years through July 1, 2029, with board determining extension is in company's best interests. Dukeman has led Busey since 2007, growing assets from $4B to over $18B.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  One-time retention award of restricted stock units valued at $2,067,749.88 will vest July 1, 2029, contingent on continued employment. Award compensates for term extension and forgoing 2029 annual long-term equity incentive.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Enhanced severance for qualifying termination includes base salary and performance bonuses through remainder of term (potentially through July 2029), unpaid bonuses, retirement contributions through year-end, and one year benefit coverage.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →