Form 4: First United Corp Director Rodeheaver Reports Changes in Beneficial Ownership

Carissa Lynn Rodeheaver, a director and Chairman, President & CEO of First United Corp, reports changes in beneficial ownership of common stock due to vesting and failure to vest of restricted stock units.

Summary

• On March 15, 2024, Carissa Lynn Rodeheaver, a director and Chairman, President & CEO of First United Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's common stock.
• On March 13, 2024, 2,200 shares were disposed of because performance-vesting restricted stock units (RSUs) failed to vest.
• On March 15, 2024, 764 shares were acquired due to the vesting of time-vesting RSUs granted on March 15, 2023.
• Following these transactions, Rodeheaver directly owns 40,949.7238 shares of common stock.
• She also indirectly owns 81.2103 shares through her spouse as UTMA custodian for her son and 872.3716 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. The sentiment is neutral as it simply reports facts without expressing any opinion or outlook.

Positives

• The vesting of time-vesting RSUs resulted in the acquisition of 764 shares, increasing Rodeheaver's direct ownership.

Negatives

• The failure of performance-vesting RSUs to vest resulted in the disposal of 2,200 shares.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The change in beneficial ownership may be of interest to shareholders, as it reflects insider activity.

Key Dates