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BlackRock, Inc. reports a passive ownership stake in First United Corp common stock. As of June 30, 2026, BlackRock beneficially owned 378,880 shares, representing 5.9% of the outstanding common stock. BlackRock has sole voting power over 373,336 shares and sole dispositive power over 378,880 shares, with no shared voting or dispositive power reported.
The filing aggregates holdings of certain BlackRock business units and excludes other disaggregated units under SEC guidance. Various underlying clients or investors have rights to dividends or sale proceeds from these shares, but no single person holds an interest exceeding 5% of First United Corp’s total outstanding common shares.
First United Corp/MD/ director Irvin Robert Rudy reported an open-market sale of 1,000 shares of Common Stock on 2026-07-24 at $44.58 per share. Following this transaction, he directly holds 37,500 shares. The filing indicates the trade was not made under a Rule 10b5-1 trading plan.
First United Corp. executive Keith Sanders, EVP & Chief Wealth Officer, sold 5,000 shares of Common Stock on July 23, 2026 at an average price of $43.6795 per share in an open-market or private transaction. After this sale, he directly holds 10,341.8195 shares.
First United Corporation reported Q2 2026 GAAP net income of $5.7 million, or $0.87 per diluted share, compared with $6.0 million, or $0.92, a year earlier and $6.7 million in Q1 2026. Excluding an approximately $1.7 million, net-of-tax consulting expense for core processing contract negotiations, non-GAAP net income was $7.3 million, or $1.13 per diluted share. For the first six months of 2026, GAAP net income was $12.3 million ($1.90 per diluted share) and non-GAAP net income was $13.9 million ($2.15 per diluted share), both above the same period of 2025.
Net interest income rose, and the non-GAAP net interest margin improved to 3.98% for Q2 and 3.89% for the six months ended June 30, 2026, compared with 3.61% for the prior-year period. Loans grew to $1.57 billion, while deposits were essentially flat at $1.74 billion. Asset quality indicators remained strong: the allowance for credit losses was 1.31% of loans, non-performing assets were 0.37% of total assets, and year-to-date net charge-offs were 0.04% of average loans. Capital ratios stayed well above regulatory “well-capitalized” levels, with a Common Equity Tier 1 ratio of 13.48% and a Tier 1 leverage ratio of 12.70% at June 30, 2026.
FIRST UNITED CORP/MD/ director Carissa Lynn Rodeheaver reported multiple equity compensation-related transactions in Common Stock on May 7, 2026, tied to her retirement from the board. She acquired 1,085 shares and 3,023 shares through vesting of performance-vesting RSUs granted in May 2024 and February 2025.
In connection with the same retirement event, 406 shares and 235 shares from earlier time-vesting RSU grants were forfeited without vesting, and 2,638 shares were surrendered to the issuer to satisfy tax withholding obligations at a price of $37.54 per share. After these transactions, she directly held 52,007.8052 shares, with additional indirect holdings through a 401(k) plan and shares held by her spouse as UTMA custodian for their son.
First United Corporation reported that its Board of Directors declared a cash dividend of $.26 per share on its common stock. The dividend will be paid on August 3, 2026 to shareholders who are holders of record as of the close of business on July 20, 2026.
The company is the parent of First United Bank & Trust and operates banking, finance, and low-income housing-related entities in Maryland and Ohio through various subsidiaries and partnership interests.
Barr John F. reported acquisition or exercise transactions in this Form 4 filing.
FIRST UNITED CORP/MD/ director John F. Barr received a grant of 1,000 shares of Common Stock as compensation. The award was recorded at a price of $0.00 per share, indicating it was not an open-market purchase. After this grant, Barr directly holds 30,904 shares of the company’s common stock. This filing reflects a routine equity compensation award rather than a market transaction.
First United Corp. director Patricia Milon received a grant of 1,000 shares of Common Stock on May 27, 2026. The shares were acquired at a stated price of $0.00 per share, indicating a non-cash award rather than an open‑market purchase. Following this grant, Milon directly holds 11,481 shares of First United Corp. common stock.
First United Corp. director Kevin Hessler received a grant of 1,395.0000 shares of Common Stock on May 27, 2026 as a compensation award, not an open-market purchase. The shares were issued at a price of $0.0000 per share.
After this award, Hessler directly owns 5,572.7168 shares of First United Corp. common stock. This total includes 112.6329 shares acquired through reinvested dividends under the First United Corporation Dividend Reinvestment and Stock Purchase Plan since the prior report.
First United Corp. director Christy DiPietro reported an equity grant of common stock. On May 27, 2026, DiPietro acquired 1,395 shares of First United Corp. (FUNC) common stock at a stated price of $0.00 per share, reported as a grant, award, or other acquisition. After this transaction, DiPietro directly owns 16,684 common shares, indicating a routine compensation-related increase rather than an open-market purchase or sale.