Form 4: First United Corp Director Rodeheaver Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Carissa Lynn Rodeheaver, Director, Chairman, President & CEO of First United Corp, disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 20, 2025, Carissa Lynn Rodeheaver, a Director, Chairman, President & CEO of First United Corp (FUNC), disposed of 302 shares of common stock to satisfy tax withholding obligations.
- The shares were surrendered to the issuer at a price of $31.21 per share.
- Following the transaction, Rodeheaver directly owns 46,388.1775 shares of common stock.
- She also indirectly owns 84.4963 shares through a UTMA custodian account for her son and 916.9775 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
This is a routine transaction where company executives sell shares to cover tax obligations arising from the vesting of stock awards. It is a common practice and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of grant for the time-vesting restricted stock units. |
| 05/20/2025 | Date of transaction: shares surrendered to cover tax obligations. |
| 05/21/2025 | Date of signature on the Form 4. |
Keywords
Form 4, Beneficial Ownership, FUNC, First United Corp, Rodeheaver, Insider Trading, Tax Withholding, Restricted Stock Units
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