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First Busey Executive Compensation (FY25)

BUSE · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
205 figures on this page: 199 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
Total compensation for Van Dukeman, Chairman and Chief Executive Officer, came to $4,030,080 in fiscal 2025, and Dukeman's total moved 41.6% higher from the $2,847,082 reported for fiscal 2024. Meanwhile, shareholders supported the say-on-pay proposal with 98.1% of votes cast for or against in favor at the meeting held May 20, 2026 for fiscal 2025. Separately, the disclosed peer group includes Commerce Bancshares, Inc., Enterprise Financial Services Corp, First Financial Bancorp, First Interstate Bancsystem Inc. and First Merchants Corp, among others; the fiscal 2025 disclosure covers 7 named executive officers.
Chief executive, fiscal 2025
◇
Van Dukeman
Median of the other named officers
$1,755,623
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Van Dukeman: $2,847,082 → $4,030,080 (41.6% higher)
Say-on-pay support: 96.7% → 98.1% (1.4 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is First Busey's chief executive and what were they paid?
Total compensation for Van Dukeman, Chairman and Chief Executive Officer, came to $4,030,080 in fiscal 2025. Dukeman's total moved 41.6% higher from the $2,847,082 reported for fiscal 2024.
What was First Busey's say-on-pay result?
Shareholders supported the say-on-pay proposal with 98.1% of votes cast for or against in favor at the meeting held May 20, 2026 for fiscal 2025.
Which companies are in First Busey's peer group?
The disclosed peer group includes Commerce Bancshares, Inc., Enterprise Financial Services Corp, First Financial Bancorp, First Interstate Bancsystem Inc. and First Merchants Corp, among others.
What is First Busey's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 52.7:1, against median employee compensation of $76,472.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Van A. Dukeman
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Robin N. Elliott
Former President & Chief Executive Officer, Busey Bank; Former President & Chief Executive Officer, FirsTech, Inc.
Departed during or after this year
◇—◇—◇—◇◇
Jeffrey D. Jones
Chief Financial Officer
◇—◇—◇—◇◇
Amy L. Randolph
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
John J. Powers
Executive Vice President, General Counsel
◇—◇—◇—◇◇
Monica L. Bowe
Executive Vice President, Chief Risk Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Van Dukeman
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Amy Randolph
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Jeffrey Jones
Former Executive Vice President, Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
John Powers
Executive Vice President, General Counsel
◇—◇—◇—◇◇
Monica Bowe
Executive Vice President, Chief Risk Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Van Dukeman
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Michael Maddox
Former Vice Chairman and President of First Busey Corporation; Former President and Chief Executive Officer of Busey Bank
Departed during or after this year
◇—◇—◇—◇◇
Amy Randolph
Executive Vice President, Chief Operating Officer
◇◇◇—◇—◇◇
Monica Bowe
Executive Vice President, Chief Risk Officer
◇◇◇—◇—◇◇
Christopher Chan
Executive Vice President, Chief Financial Officer
◇◇◇—◇—◇◇
Jeffrey Jones
Former Executive Vice President, Chief Financial Officer
Departed during or after this year
◇———◇—◇◇
Scott Phillips
Executive Vice President, Chief Accounting Officer; Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Amy L. RandolphPSU◇—◇—◇—◇
Michael J. MaddoxPSU◇—◇—◇—◇
Monica L. BowePSU◇—◇—◇—◇
Van A. DukemanPSU◇—◇—◇—◇
Van A. DukemanPSU◇—◇—◇—◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Van DukemanRSU◇◇——
PSU◇◇——
Amy RandolphRSU◇◇——
PSU◇◇——
Scott PhillipsRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Monica BoweRSU◇◇——
PSU◇◇——
Christopher ChanRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frederic L. Kenney
◇◇————◇
Michael D. Cassens
◇◇————◇
Rodney K. Brenneman
Lead independent director
◇◇————◇
Stephen V. King
◇◇————◇
Stanley J. Bradshaw
◇◇————◇
Karen M. Jensen
◇◇————◇
Jennifer M. Grigsby
◇◇————◇
Kevin S. Rauckman
◇◇————◇
Steven W. Caple
◇◇————◇
Tiffany B. White
◇◇————◇
Scott A. Wehrli
◇◇————◇
Michael J. Maddox and Van A. Dukeman served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as deferred stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Commerce Bancshares, Inc. CBSH
  • Enterprise Financial Services Corp EFSC
  • First Financial Bancorp FFBC
  • First Interstate Bancsystem Inc. FIBK
  • First Merchants Corp FRME
  • Hilltop Holdings Inc. HTH
  • Home Bancshares Inc. HOMB
  • Renasant Corp RNST
  • Seacoast Banking Corporation of Florida SBCF
  • Simmons First National Corp SFNC
  • Texas Capital Bancshares, Inc. TCBI
  • Trustmark Corp TRMK
  • United Community Banks Inc. UCB
  • WesBanco Inc WSBC
  • WSFS Financial Corp WSFS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 29, 2025=◇◇◇
2022May 24, 2023=◇◇◇
2021May 25, 2022=◇◇◇
2020May 19, 2021=◇◇◇
2019May 20, 2020=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact First Busey disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where First Busey sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
205 figures on this page: 199 cited to the filing that reported them, 6 calculated from figures it prints.
199 cited to the filing
6 calculated from the filing

Documents cited

  1. 0000314489-26-000036
  2. 0000314489-26-000021
    2025 Non-Employee Director Compensation Table · Outstanding Equity Awards at 2025 Fiscal Year End · Summary Compensation Table
  3. 0000314489-26-000018
    2025 Grants of Plan-Based Awards · CEO PAY RATIO · Director Compensation · SEC. COMPENSATION DISCUSSION AND ANALYSIS · and 1 more section
  4. 0000314489-25-000205
  5. 0000314489-25-000150
    Summary Compensation Table
  6. 0001104659-24-046763
    Summary Compensation Table
  7. 0000314489-23-000066
  8. 0000314489-22-000007
  9. 0000314489-21-000013
  10. 0000314489-20-000020
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Velarion, “First Busey executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/BUSE (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers First Busey discloses

The companies named in BUSE's own disclosed peer group.

Commerce Bancshares, Inc.Enterprise Financial Services CorpFirst Financial BancorpFirst Interstate Bancsystem Inc.First Merchants CorpHilltop Holdings Inc.Home Bancshares Inc.Renasant CorpSeacoast Banking Corporation of FloridaSimmons First National CorpTexas Capital Bancshares, Inc.Trustmark CorpUnited Community Banks Inc.WesBanco IncWSFS Financial Corp

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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