Form 4: First United Corp Director Rodeheaver Reports Stock Purchase and Dividend Reinvestments

Carissa Lynn Rodeheaver, a director and Chairman, President & CEO of First United Corp, reported a stock purchase and dividend reinvestments, increasing her beneficial ownership.

Summary

• On May 1, 2024, Carissa Lynn Rodeheaver, a director and Chairman, President & CEO of First United Corp, reported a transaction.
• She purchased common stock for $22.88 at a price of $52.7338 per share through a dividend reinvestment program.
• Rodeheaver's direct holdings of common stock after the transaction amount to 41,162.5061 shares, which includes 160.0485 shares acquired through the Dividend Reinvestment and Stock Purchase Plan (DRSPP) since the last report.
• She also has indirect ownership through her spouse as UTMA custodian for her son (82.013 shares, including 0.7427 shares from DRSPP) and through a 401(k) plan (898.0124 shares, including 25.6407 shares from DRSPP).

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports routine transactions. The director's participation in the dividend reinvestment program could be seen as a slightly positive signal.

Positives

• The director's participation in the dividend reinvestment program signals confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the trading activities of company insiders.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding insider transactions.
• The director's participation in the dividend reinvestment program may be viewed positively by shareholders.

Key Dates