Form 4: Director Rodeheaver Sells FIRST UNITED CORP Stock

Carissa Lynn Rodeheaver, a Director at FIRST UNITED CORP, reported a series of transactions involving common stock on May 7, 2026, including the vesting and subsequent disposition of restricted stock units.

Summary

• Carissa Lynn Rodeheaver, a Director of FIRST UNITED CORP, engaged in several transactions on May 7, 2026, related to her beneficial ownership of the company's common stock.
• These transactions involved the vesting of performance-vesting restricted stock units (RSUs) granted on May 20, 2024, and February 25, 2025, totaling 3,023 and 1,085 shares respectively.
• Additionally, 235 shares and 406 shares from time-vesting RSUs granted on May 20, 2024, and February 25, 2025, were forfeited due to her retirement from the board.
• A total of 2,638 shares were surrendered to the issuer to satisfy tax withholding obligations associated with the vesting of performance-vesting RSUs.
• Following these transactions, Rodeheaver's beneficial ownership includes 48,728.80 shares directly, 86.8373 shares indirectly held by her spouse as custodian for her son, and 942.2949 shares indirectly held through a 401(k) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine insider transactions related to RSU vesting and forfeiture upon retirement, rather than significant strategic shifts or financial performance indicators.

Positives

• Vesting of 3,023 performance-vesting RSUs granted on May 20, 2024.
• Vesting of 1,085 performance-vesting RSUs granted on February 25, 2025.
• Rodeheaver maintains indirect beneficial ownership of 86.8373 shares through her spouse as UTMA custodian for her son.
• Rodeheaver maintains indirect beneficial ownership of 942.2949 shares through her 401(k) plan.

Negatives

• Forfeiture of 235 shares from time-vesting RSUs granted on May 20, 2024, due to retirement.
• Forfeiture of 406 shares from time-vesting RSUs granted on February 25, 2025, due to retirement.
• Surrender of 2,638 shares to the issuer to cover tax withholding obligations.

Risks

• The forfeiture of shares due to retirement may indicate a change in the reporting person's future involvement or commitment to the company.
• The surrender of shares for tax withholding, while standard, reduces the net shares received by the reporting person.

Future Outlook

No specific forward-looking statements or guidance were provided in this Form 4 filing, which primarily reports past transactions.

Management Comments

• The shares were issued pursuant to performance-vesting restricted stock units ("RSUs") that were granted on May 20, 2024. A pro rata portion of the RSUs vested on May 7, 2026 in connection with the reporting person's retirement from the issuer's board of directors.
• The shares were issued pursuant to performance-vesting restricted stock units ("RSUs") that were granted on February 25, 2025. A pro rata portion of the RSUs vested on May 7, 2026 in connection with the reporting person's retirement from the issuer's board of directors.
• The shares were previously reported in connection with the grant of time-vesting RSUs on May 20, 2024 and were forfeited without vesting in connection with the reporting person's retirement from the issuer's board of directors on May 7, 2026.
• The shares were previously reported in connection with the grant of time-vesting RSUs on February 25, 2025 and were forfeited without vesting in connection with the reporting person's retirement from the issuer's board of directors on May 7, 2026.
• The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of the performance-vesting RSUs identified above as permitted by the related award agreements and approved by the issuer's Compensation Committee.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and trading activities of company directors and officers. The reported transactions, including vesting and forfeiture of RSUs, are typical events associated with executive compensation plans and employee departures or retirements.

Management Changes

Stakeholder Impact

• Shareholders: Increased transparency into director's stock holdings and transactions. The forfeiture and surrender of shares reduce the reporting person's direct holdings.
• Employees: The forfeiture of RSUs by a retiring director may indirectly reflect on the company's equity compensation policies.
• Management: The retirement of a director necessitates potential board restructuring and succession planning.

Next Steps

• Monitor future filings for any further transactions by Carissa Lynn Rodeheaver.
• Observe the company's performance and strategic direction following the retirement of a director.

Key Dates

Keywords

SEC Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, RSU Vesting, Director, FIRST UNITED CORP, FUNC, Beneficial Ownership, Tax Withholding, Retirement