Who approved the tax-withholding share surrender at FIRST UNITED (FUNC)?

The surrender of 120 shares for tax withholding was carried out as permitted by the restricted stock unit award agreement and was approved by FIRST UNITED’s Compensation Committee, as described in the insider filing footnotes.

First United (NASDAQ: FUNC) EVP surrenders shares to cover tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

FIRST UNITED CORP/MD/ executive Keith Sanders filed an amended insider report showing a routine tax-related share disposition. The amendment corrects the transaction date on a prior Form 4. On the corrected date, 120 shares of common stock were surrendered to the company at $36.88 per share to satisfy tax withholding obligations tied to the vesting of time-vesting restricted stock units granted on May 20, 2024. After this tax-withholding disposition, Sanders directly held 15,341.8195 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sanders Keith

Role EVP & Chief Wealth Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	120	$36.88	$4K

Holdings After Transaction: Common Stock — 15,341.82 shares (Direct, null)

Footnotes (1)

This amendment on Form 4/A is being filed to correct the transaction date that was stated in the Form 4 to which this amendment relates. The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of time-vesting restricted stock units that were granted on May 20, 2024 as permitted by the related award agreement and approved by the issuer's Compensation Committee.

Key Figures

Shares surrendered for tax: 120 shares Price per share: $36.88 per share Post-transaction holdings: 15,341.8195 shares +3 more

6 metrics

Shares surrendered for tax 120 shares Common stock surrendered to issuer for tax withholding

Price per share $36.88 per share Value used for tax-withholding share surrender

Post-transaction holdings 15,341.8195 shares Direct common stock holdings after tax-withholding disposition

Tax-withholding shares 120 shares Reported as tax withholding in transactionSummary

Transaction code F Payment of tax liability by delivering securities

Grant date of RSUs May 20, 2024 Time-vesting restricted stock units that vested and triggered tax

Key Terms

Form 4/A, tax withholding obligations, time-vesting restricted stock units, Compensation Committee, +1 more

5 terms

Form 4/A regulatory

"This amendment on Form 4/A is being filed to correct the transaction date"

Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.

tax withholding obligations financial

"The shares were surrendered to the issuer in satisfaction of the tax withholding obligations"

time-vesting restricted stock units financial

"associated with the vesting of time-vesting restricted stock units that were granted on May 20, 2024"

Compensation Committee regulatory

"as permitted by the related award agreement and approved by the issuer's Compensation Committee"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

payment of exercise price or tax liability by delivering securities regulatory

"transaction_code_description: Payment of exercise price or tax liability by delivering securities"

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 03:47 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sanders Keith

(Last)

(First)

(Middle)

19 SOUTH SECOND STREET

(Street)

OAKLAND

MARYLAND

21550

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST UNITED CORP/MD/ [ FUNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Wealth Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/21/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2026⁽¹⁾		F		120⁽²⁾	D	$36.88	15,341.8195	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This amendment on Form 4/A is being filed to correct the transaction date that was stated in the Form 4 to which this amendment relates.

2. The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of time-vesting restricted stock units that were granted on May 20, 2024 as permitted by the related award agreement and approved by the issuer's Compensation Committee.

	/s/ Keith R. Sanders	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FIRST UNITED (FUNC) report for Keith Sanders?

The filing shows 120 shares of common stock were surrendered by executive Keith Sanders to FIRST UNITED to cover tax withholding on vested restricted stock units, a routine non-market transaction linked to equity compensation.

Why was this Form 4/A amendment filed for FIRST UNITED (FUNC)?

The amendment was filed to correct the transaction date reported in an earlier Form 4. All other details relate to the same tax-withholding share surrender associated with the vesting of previously granted restricted stock units.

Was the FIRST UNITED (FUNC) insider transaction an open-market sale?

No, the transaction was not an open-market sale. Shares were surrendered back to the issuer to satisfy tax withholding obligations on vested restricted stock units, as allowed under the award agreement and approved by the Compensation Committee.

How many FIRST UNITED (FUNC) shares did Keith Sanders hold after the transaction?

After the tax-withholding share surrender, Keith Sanders directly held 15,341.8195 shares of FIRST UNITED common stock, according to the amended insider filing describing this compensation-related transaction.

What equity award triggered the tax withholding for FIRST UNITED (FUNC)?

The tax withholding arose from the vesting of time-vesting restricted stock units that were granted on May 20, 2024. When these units vested, 120 shares were surrendered to cover associated tax obligations, as permitted by the award agreement.