Form 4: First United Corp Director Sanu Chadha Acquires and Disposes of Shares
SEC Form 4 Filing
Director Sanu Chadha reports acquisition and disposal of First United Corp shares on May 22, 2024.
Summary
- On May 22, 2024, Sanu Chadha, a director of First United Corp, acquired 1,683 shares of common stock.
- The same day, Chadha disposed of an unspecified amount of common stock.
- Following these transactions, Chadha beneficially owns 7,282 shares of First United Corp.
- The acquisition was made at a price of $0 per share.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports transactions by a company director.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice for directors and officers to report changes in their beneficial ownership of company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of stock acquisition and disposal. |
| 05/23/2024 | Date of signature by Attorney-in-Fact. |
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