First Busey (BUSE) Proxy filing summary

Executive summary

• The annual meeting will be held virtually on May 20, 2026, with voting and participation available online for all shareholders.

• Shareholders will vote on the election of 12 directors, a say-on-pay proposal, approval of the Second Amended 2020 Equity Incentive Plan, and ratification of the external auditor.

• The proxy statement details the company's performance, strategic plans, and changes following the merger with CrossFirst Bankshares.

Voting matters and shareholder proposals

• Four main proposals: election of 12 directors, advisory vote on executive compensation, approval of the Second Amended 2020 Equity Incentive Plan, and ratification of RSM US LLP as auditor.

• Shareholders can vote by internet, phone, mail, or during the virtual meeting.

• The board recommends voting in favor of all proposals.

Board of directors and corporate governance

• The board consists of 12 nominees, with a mix of legacy directors from both First Busey and CrossFirst following the merger.

• Majority of directors are independent as per Nasdaq standards; a lead independent director is designated.

• Four board committees: Compensation, Audit, Nominating, and Enterprise Risk, all composed of independent directors.

• Directors are subject to stock ownership requirements and a code of ethics.