4/A: First United Corp Director Rodeheaver Increases Stake Through Dividend Reinvestment
SEC Form 4/A
Carissa Lynn Rodeheaver, Director, Chairman, President & CEO of First United Corp, increased her holdings through a dividend reinvestment program.
Summary
- On May 2, 2024, Carissa Lynn Rodeheaver acquired 149.283 shares of First United Corp common stock at $22.83 per share through a dividend reinvestment program.
- Following the transaction, Rodeheaver directly owns 41,311.7891 shares of common stock.
- She also indirectly owns 82.013 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. It reflects a routine transaction (dividend reinvestment) by a company insider. While insider buying can be seen as a positive signal, the transaction is small and part of a pre-existing program, so it's unlikely to significantly impact investor sentiment.
Positives
- The director's increased stake could be seen as a positive signal to investors.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's prospects.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals confidence from a company insider.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of transaction: Purchase of common stock. |
| 05/06/2024 | Date of original filing (amendment). |
| 05/07/2024 | Date of signature on the Form 4/A. |
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