Form 4: First United Corp Director Rodeheaver Increases Stake Through Dividend Reinvestment

Carissa Lynn Rodeheaver, Chairman, President & CEO of First United Corp, reports acquiring additional shares of common stock through dividend reinvestment and a brokerage account.

Summary

• Carissa Lynn Rodeheaver, a director and the Chairman, President & CEO of First United Corp, has reported changes in her beneficial ownership of the company's common stock.
• On August 1, 2024, she acquired 43.6627 shares at a price of $27.875 per share through a dividend reinvestment program.
• On August 2, 2024, she acquired 122.9 shares at a price of $27.97 per share through a brokerage account.
• Following these transactions, Rodeheaver directly owns 43,560.3285 shares of First United Corp common stock.
• She also indirectly owns 82.6994 shares through her spouse as UTMA custodian for her son and 898.0124 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director increasing their stake is a good sign, but the amounts are relatively small and related to dividend reinvestment.

Positives

• The director's increased stake could be interpreted as a sign of confidence in the company's future prospects.

Industry Context

Directors purchasing shares in their own company is generally viewed positively by the market, as it aligns management's interests with those of shareholders.

Stakeholder Impact

• The increased stake of a key executive could positively influence shareholder confidence.

Key Dates