Form 4: First United Corp SVP & CFO Tonya K. Sturm Reports Stock Transaction
SEC Form 4 Filing
Tonya K. Sturm, SVP & CFO of First United Corp, reports the surrender of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 20, 2025, Tonya K. Sturm, SVP & CFO of First United Corp, surrendered 118 shares of common stock to the issuer to cover tax withholding obligations.
- The shares were related to the vesting of time-vesting restricted stock units granted on May 20, 2024.
- The transaction was executed at a price of $31.21 per share.
- Following the transaction, Sturm directly owns 10,578.1537 shares of common stock and indirectly owns 5.4242 shares through a 401(k) plan.
- The reported holdings include shares acquired through dividend reinvestments.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports a routine transaction related to executive compensation.
Industry Context
This is a routine Form 4 filing, reflecting an insider transaction related to equity compensation. Such filings are common and provide transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of grant for time-vesting restricted stock units. |
| 05/20/2025 | Date of transaction: surrender of shares for tax withholding. |
| 05/21/2025 | Date of signature on the Form 4. |
Keywords
Form 4, insider trading, stock transaction, Tonya K. Sturm, First United Corp, FUNC, SVP & CFO, restricted stock units, tax withholding, dividend reinvestment
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