4/A: First United Corp Executive Adjusts Holdings

Keith Sanders, EVP & Chief Wealth Officer at First United Corp, filed an amendment to a Form 4 to correct a transaction date related to the surrender of shares for tax withholding.

Summary

• Keith Sanders, Executive Vice President & Chief Wealth Officer of First United Corp, filed an amended Form 4 on May 21, 2026.
• The amendment corrects the transaction date from a previously filed Form 4.
• The transaction involved the surrender of 120 shares of common stock to the issuer.
• These shares were used to satisfy tax withholding obligations related to the vesting of restricted stock units granted on May 20, 2024.
• The surrender was permitted by the award agreement and approved by the issuer's Compensation Committee.
• Following this transaction, Mr. Sanders beneficially owns 15,341.8195 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily administrative in nature, correcting a previous reporting error without indicating new material events or changes in beneficial ownership beyond standard executive compensation practices.

Positives

• The filing clarifies a previous reporting error, ensuring accurate disclosure of beneficial ownership.
• The transaction was conducted in accordance with the company's award agreements and Compensation Committee approval, indicating adherence to established procedures.

Negatives

• The surrender of shares for tax withholding reduces the executive's direct shareholding, although this is a standard practice for equity awards.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to a correction of a past transaction.

Management Comments

• "This amendment on Form 4/A is being filed to correct the transaction date that was stated in the Form 4 to which this amendment relates."
• "The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of time-vesting restricted stock units that were granted on May 20, 2024 as permitted by the related award agreement and approved by the issuer's Compensation Committee."

Industry Context

StockSavvy.ai notes that this filing is a routine amendment to a Form 4, which is standard for executives managing their equity awards and associated tax liabilities. Such filings are common across the financial services industry.

Stakeholder Impact

• Shareholders: The amendment ensures transparency and accuracy in reporting executive shareholdings, which is crucial for maintaining investor confidence.
• Management: The transaction reflects standard executive compensation practices and tax management related to equity awards.

Key Dates

Keywords

Form 4, SEC Filing, Beneficial Ownership, Restricted Stock Units, Tax Withholding, Executive Compensation, First United Corp, FUNC