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

Carissa Lynn Rodeheaver, Chairman, President & CEO of First United Corp, acquired 619 shares of common stock on March 11, 2024, through the vesting of restricted stock units.

Summary

• On March 11, 2024, Carissa Lynn Rodeheaver, Chairman, President & CEO of First United Corp, acquired 619 shares of common stock.
• The acquisition was a result of time-vesting restricted stock units granted on March 9, 2022.
• The price per share was $0.
• Following the transaction, Rodeheaver directly owns 42,385.7238 shares of common stock.
• She also indirectly owns 81.2703 shares through her spouse via a UTMA custodian for her son and 872.3716 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation.

Positives

• The acquisition of shares by a company director can be seen as a positive sign, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates confidence from a key executive.

Key Dates