Form 4: First United Corp Director Acquires Shares Through Restricted Stock Units

Carissa Lynn Rodeheaver, Chairman, President & CEO of First United Corp, reports acquisition of common stock through time-vesting restricted stock units.

Summary

• On February 25, 2025, Carissa Lynn Rodeheaver, Chairman, President & CEO of First United Corp, acquired 1,209 shares of common stock.
• The acquisition was through time-vesting restricted stock units (RSUs), each representing the right to receive one share of common stock.
• The RSUs vest ratably over three years, starting February 25, 2026, contingent upon continued employment.
• Following the transaction, Rodeheaver directly owns 45,344.7793 shares of common stock.
• Additionally, Rodeheaver indirectly owns 83.8477 shares through a spouse's UTMA custodian account for their son and 910.9759 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of shares by the CEO could be seen as a slightly positive signal.

Positives

• The acquisition of shares by the CEO could be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The vesting of the RSUs is contingent upon the reporting person's continued employment with First United Corporation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's acquisition of shares, which is a common form of executive compensation.

Stakeholder Impact

• The acquisition of shares by a key executive could positively influence shareholder confidence.

Key Dates