Form 4: First United Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert L. Fisher II, SVP & Chief Revenue Officer of First United Corp, sold 167 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 20, 2025, Robert L. Fisher II, SVP & Chief Revenue Officer of First United Corp, disposed of 167 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units granted on May 20, 2024.
- The shares were sold at a price of $31.21 per share.
- Following the transaction, Fisher directly owns 13,384 shares of First United Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard practice of executives selling shares to cover tax obligations related to vested stock.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of grant for the time-vesting restricted stock units. |
| 05/20/2025 | Date of the transaction (stock sale to cover tax obligations). |
| 05/21/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Sale, Robert L. Fisher II, First United Corp, FUNC, Tax Withholding, Restricted Stock Units
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