Form 4: First United Corp. CFO Reports Routine Stock Transaction

First United Corp.'s EVP & CFO, Tonya K. Sturm, reported a disposition of common stock to cover tax withholding obligations related to vested restricted stock units.

Summary

• Tonya K. Sturm, Executive Vice President and Chief Financial Officer of First United Corp./MD/ (FUNC), reported a transaction on February 25, 2026.
• Sturm disposed of 89 shares of Common Stock at a price of $35.42 per share.
• The shares were surrendered to the issuer to satisfy tax withholding obligations associated with the vesting of time-vesting restricted stock units.
• These restricted stock units were granted on February 25, 2025, and the transaction was permitted by the award agreement and approved by the issuer's Compensation Committee.
• Following the transaction, Sturm beneficially owns 10,737.9988 shares directly and 5.4999 shares indirectly through a 401(k) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine administrative transaction related to executive compensation and does not indicate any significant positive or negative developments for the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that routine Form 4 filings, such as this one, are common for executives receiving equity compensation. The disposition of shares for tax withholding is a standard practice and does not typically reflect a change in management's outlook on the company's performance or stock value.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction by an executive to cover tax liabilities on vested equity awards.

Key Dates

Keywords

First United Corp, FUNC, Tonya K. Sturm, Form 4, SEC filing, insider transaction, stock disposition, tax withholding, restricted stock units, CFO