FUNC.NASDAQFirst United Corp/md/

Form 4: First United Corp Executive Acquires Shares Through RSU Vesting, Then Disposes of Shares to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Robert L. Fisher II, SVP & Chief Revenue Officer of First United Corp, acquired shares through vesting restricted stock units and then disposed of shares to cover tax obligations.

Summary

  • On March 17, 2025, Robert L. Fisher II, SVP & Chief Revenue Officer of First United Corp, acquired 526 shares of common stock through the vesting of restricted stock units (RSUs).
  • These RSUs were initially granted on March 15, 2023.
  • Simultaneously, Fisher disposed of 173 shares of common stock at a price of $30.1 to satisfy tax withholding obligations related to the RSU vesting.
  • Following these transactions, Fisher directly owns 13,551 shares of First United Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects routine executive stock transactions related to compensation. It doesn't convey any particularly positive or negative sentiment regarding the company's performance or outlook.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages. The transactions themselves don't necessarily indicate the financial health of the company.

Stakeholder Impact

  • The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

DateDescription
03/15/2023Date of grant for the restricted stock units (RSUs).
03/17/2025Date of stock acquisition through RSU vesting and subsequent disposal for tax obligations.

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