Form 4: First United Corp Director Rodeheaver Reports Stock Transactions

Carissa Lynn Rodeheaver, a director and Chairman, President & CEO of First United Corp, reports stock acquisitions and disposals through a dividend reinvestment program.

Summary

• Carissa Lynn Rodeheaver, Chairman, President & CEO and a director of First United Corp, filed a Form 4 detailing changes in beneficial ownership.
• On May 2, 2024, Rodeheaver acquired 149.283 shares of Common Stock at $22.83 per share through a dividend reinvestment program.
• Rodeheaver also reported indirect ownership of 82.013 shares held by her spouse as UTMA custodian for their son, and 898.0124 shares held in a 401(k) plan.
• Following the reported transactions, Rodeheaver directly owns 41,259.0553 shares of Common Stock, which includes 160.0485 shares acquired through reinvested dividends since the last report.
• The indirect holdings include additional shares acquired through dividend reinvestments in the UTMA account (0.7427 shares) and the 401(k) plan (25.6407 shares).

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to dividend reinvestment and does not indicate any significant strategic shift or concern.

Positives

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they reflect management's continued investment in the company.

Key Dates