Form 4: First United Corp Executive Keith Sanders Reports Tax Withholding Share Surrender
SEC Form 4 Filing
Keith Sanders, SVP & Sr. Trust Officer of First United Corp, surrendered 117 common stock shares to cover tax obligations from vesting restricted stock units.
Summary
- On May 20, 2025, Keith Sanders, SVP & Sr. Trust Officer of First United Corp, reported a transaction involving the surrender of 117 common stock shares.
- The shares were surrendered to cover tax withholding obligations related to the vesting of restricted stock units granted on May 20, 2024.
- The price per share was $31.21.
- Following the transaction, Sanders beneficially owns 14,535.8195 shares of First United Corp common stock.
Sentiment
Score: 5
Explanation: This Form 4 filing represents a routine transaction related to tax obligations, and doesn't convey any particularly positive or negative sentiment about the company's prospects.
Industry Context
This is a routine Form 4 filing, reflecting an insider transaction related to tax obligations from vested equity compensation. It's a common practice and doesn't necessarily indicate a change in the executive's outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of grant for the time-vesting restricted stock units. |
| 05/20/2025 | Date of the transaction where shares were surrendered for tax obligations. |
| 05/21/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, insider trading, share surrender, tax withholding, restricted stock units, FUNC, First United Corp, Keith Sanders
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