Form 4: Director Sells FUNC Shares for Tax Withholding

First United Corp. Director Carissa Rodeheaver surrendered 164 shares of common stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Carissa Lynn Rodeheaver, a Director of FIRST UNITED CORP/MD/ (FUNC), reported a transaction on February 25, 2026.
• The transaction involved the disposition of 164 shares of Common Stock at a price of $35.42 per share.
• These shares were surrendered to the issuer to satisfy tax withholding obligations associated with the vesting of time-vesting restricted stock units.
• The restricted stock units were originally granted on February 25, 2025.
• Following this transaction, Ms. Rodeheaver directly beneficially owns 47,133.0042 shares of Common Stock.
• Additionally, she indirectly beneficially owns 86.2452 shares through her spouse as UTMA custodian for her son and 936.1499 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard administrative transaction related to executive compensation rather than a discretionary sale or purchase that would indicate a change in insider sentiment.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving the surrender of shares for tax withholding upon the vesting of restricted stock units, are a common and routine aspect of executive compensation. Such transactions are generally administrative in nature and typically do not reflect a discretionary investment decision or a change in the company's fundamental outlook.

Key Dates

Recommendation

This Form 4 filing details a routine tax-related transaction by a director, not a discretionary sale or purchase. It provides no new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing itself does not present a catalyst for a change in investment thesis.

Keywords

FUNC, First United Corp, Form 4, insider transaction, restricted stock units, tax withholding, director, equity compensation