Form 4: First United Corp Executive Reports Stock Transactions

Keith Sanders, SVP & Sr. Trust Officer at First United Corp, reports acquisition and disposal of common stock related to vesting restricted stock units.

Summary

• On March 10, 2025, Keith Sanders, SVP & Sr. Trust Officer of First United Corp, reported transactions involving the company's common stock.
• Sanders acquired 314 shares of common stock at $0 per share related to vesting restricted stock units granted on March 9, 2022.
• Sanders also disposed of 120 shares at $32.41 per share to cover tax withholding obligations associated with the vesting of these restricted stock units.
• Following these transactions, Sanders beneficially owns 14,371.8195 shares of First United Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.

Positives

• The vesting of restricted stock units suggests that the executive is meeting performance or tenure requirements.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they involve a small number of shares relative to the company's total outstanding shares.

Key Dates