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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Changes in, the Company's Stock Option Awards | A summary of the status of, and changes in, Busey's stock option awards follows (dollars in thousands, except weighted-average exercise price):
Options |  | Shares |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Life |  | Intrinsic Value
Outstanding at December 31, 2022 |  | 26,106 |  |  | $ | 23.53 |  |  | 3.88 |  | $ | 31 |
Forfeited |  | (4,840) |  |  | 23.53 |  |  |  |  |
Outstanding at December 31, 2023 |  | 21,266 |  |  | 23.53 |  |  | 2.88 |  | 27 |
Exercisable at December 31, 2023 |  | 21,266 |  |  | 23.53 |  |  | 2.88 |  | 27 |
Schedule of Changes in the Company's RSU, PSU, and DSU Awards | A summary of changes in Busey’s RSU awards for the year ended December 31, 2023, is as follows:
RSU Awards |  | Shares |  | Weighted- Average Grant Date Fair Value
Nonvested at December 31, 2022 |  | 1,096,931 |  |  | $ | 23.61 |
Granted |  | 224,316 |  |  | 20.44 |
Dividend equivalents earned |  | 58,930 |  |  | 20.16 |
Vested |  | (154,995) |  |  | 29.71 |
Forfeited |  | (183,738) |  |  | 22.33 |
Nonvested at December 31, 2023 |  | 1,041,444 |  |  | $ | 22.05 |
A summary of changes in Busey’s PSU awards for the year ended December 31, 2023, is as follows:
PSU Awards |  | Shares 1 |  | Weighted- Average Grant Date Fair Value
Nonvested at December 31, 2022 |  | 285,351 |  |  | $ | 25.40 |
Granted |  | 224,331 |  |  | 20.04 |
Dividend equivalents earned |  | 1,728 |  |  | 23.28 |
Vested |  | (83,399) |  |  | 23.86 |
Forfeited |  | (88,923) |  |  | 23.80 |
Adjustment for performance conditions 2 |  | 2,612 |  |  | 25.52 |
Nonvested at December 31, 2023 |  | 341,700 |  |  | $ | 22.67 |
Vested and outstanding at December 31, 2023³ |  | 65,996 |  |  | $ | 23.48 |
___________________________________________ 1.Shares for PSU awards represent target shares at grant date. 2.Adjustments for performance conditions represent the difference between the number of target shares at grant date and the number of actual shares earned for the performance period completed. 3.PSUs granted in 2021 vested on December 31, 2023. Shares are reported at target amounts. Performance determination and settlement activity will take place in the first quarter of 2024. A summary of changes in Busey’s DSU awards for the year ended December 31, 2023, is as follows:
DSU Awards |  | Shares |  | Weighted- Average Grant Date Fair Value
Nonvested at December 31, 2022 |  | 31,085 |  |  | $ | 25.75 |
Granted |  | 41,548 |  |  | 20.44 |
Dividend equivalents earned |  | 8,334 |  |  | 20.09 |
Vested |  | (37,868) |  |  | 24.76 |
Forfeited |  | (73) |  |  | 20.44 |
Nonvested at December 31, 2023 |  | 43,026 |  |  | $ | 20.41 |
Vested and outstanding at December 31, 2023 |  | 144,137 |  |  | $ | 23.52 |
Schedule of Stock-based Compensation Expense | Busey recognized compensation expense related to non-vested RSU, PSU, and DSU awards, as well as the 2021 ESPP, as summarized in the table below (dollars in thousands):
|  |  | Years Ended December 31,
|  |  |  |  | 2023 |  | 2022 |  | 2021
Stock-based compensation expense |  |  |  |  |  |  |  |  |
RSU awards |  |  |  |  | $ | 2,622 |  |  | $ | 4,648 |  |  | $ | 5,809 |
PSU awards 1 |  |  |  |  | 2,962 |  |  | 3,240 |  |  | 979 |
DSU awards |  |  |  |  | 833 |  |  | 876 |  |  | 962 |
2021 ESPP |  |  |  |  | 178 |  |  | 204 |  |  | 114 |
Total stock-based compensation expense |  |  |  |  | $ | 6,595 |  |  | $ | 8,968 |  |  | $ | 7,864 |
___________________________________________ 1.Expense for PSU awards with a market-based total stockholder return performance goal represents amounts based on target shares at the grant date. Expense for PSU awards with return on average tangible common equity and compounded annual revenue growth rate performance goals represents amounts based on target shares at the grant date, adjusted for performance expectations as of the date indicated.
Schedule of Unamortized Stock-based Compensation Expense | Unamortized stock-based compensation expense is presented in the table below (dollars in thousands):
| As of December 31,
| 2023 |  | 2022
Unamortized stock-based compensation |  |  |
RSU awards | $ | 6,842 |  |  | $ | 8,570 |
PSU awards 1 | 3,607 |  |  | 4,279 |
DSU awards | 190 |  |  | 175 |
Total unamortized stock-based compensation | $ | 10,639 |  |  | $ | 13,024 |
Weighted average period over which expense is to be recognized | 2.4 years |  | 2.5 years
___________________________________________ 1.Unamortized expense for PSU awards with a market-based total stockholder return performance goal represents amounts based on target shares at grant date. Unamortized expense for PSU awards with return on average tangible common equity and compounded annual revenue growth rate performance goals represents amounts based on target shares at grant date, adjusted for performance expectations as of the date indicated.

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