Form 4: First United Corp SVP & COO Jason Barry Rush Reports Stock Award Vesting
SEC Form 4
Jason Barry Rush, SVP & COO of First United Corp, reports the vesting of restricted stock units resulting in the acquisition of 392 shares of common stock.
Summary
- On March 10, 2025, Jason Barry Rush, SVP & COO of First United Corp, reported the vesting of restricted stock units.
- This resulted in the acquisition of 392 shares of common stock at a price of $0.
- Following the transaction, Rush directly owns 24,096.087 shares of First United Corp.
- The restricted stock units were granted on March 9, 2022, and vest over time.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Positives
- The vesting of restricted stock units indicates a form of compensation and alignment of interests between the executive and the company's performance.
Industry Context
This is a routine disclosure related to executive compensation and is common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it slightly increases the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/09/2022 | Date the restricted stock units were granted. |
| 03/10/2025 | Date of the transaction (stock vesting). |
| 03/11/2025 | Date of the signature on the Form 4. |
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