FUNC (FUNC) CFO uses 89 shares to cover tax withholding obligations

Rhea-AI Filing Summary

FIRST UNITED CORP/MD/ executive Tonya K. Sturm, EVP & CFO, disposed of 89 shares of Common Stock on February 25, 2026 through a tax-withholding transaction. The shares were surrendered to the issuer at $35.42 per share to satisfy tax obligations tied to the vesting of time-vesting restricted stock units granted on February 25, 2025, as permitted by the award agreement and approved by the Compensation Committee. After this disposition, she holds 10,737.9988 Common Stock shares directly and 5.4999 shares indirectly through a 401(k) plan.

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

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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^*

Sturm Tonya K.

(Last) (First) (Middle)

19 SOUTH SECOND STREET

(Street)

OAKLAND MD 21550

(City) (State) (Zip)

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 & CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/25/2026		F		89(1)	D	$35.42	10,737.9988	D
Common Stock								5.4999	I	By 401(k) plan

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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 February 25, 2025 as permitted by the related award agreement and approved by the issuer's Compensation Committee.

	/s/ Tonya K. Sturm	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did FUNC executive Tonya K. Sturm report?

Tonya K. Sturm reported a tax-withholding disposition of 89 shares of FIRST UNITED CORP/MD/ Common Stock. The shares were surrendered to the issuer to cover tax obligations arising from the vesting of previously granted restricted stock units.

Was the FUNC insider transaction by Tonya K. Sturm an open-market sale?

No, the transaction was not an open-market sale. The 89 shares were surrendered to the issuer to satisfy tax withholding obligations associated with vesting restricted stock units, under the terms of the award agreement and Compensation Committee approval.

What price per share was used in Tonya K. Sturm’s FUNC share disposition?

The tax-withholding disposition used a price of $35.42 per share for the 89 surrendered shares. This price is applied solely for the tax-withholding transaction related to the vesting of restricted stock units granted on February 25, 2025.

How many FUNC shares does Tonya K. Sturm own after the reported transaction?

After the transaction, Tonya K. Sturm holds 10,737.9988 shares of Common Stock directly. She also has an additional 5.4999 shares held indirectly through a 401(k) plan, reflecting her ongoing equity interest in FIRST UNITED CORP/MD/.

What was the reason for Tonya K. Sturm surrendering FUNC shares to the issuer?

The shares were surrendered to satisfy tax withholding obligations linked to the vesting of time-vesting restricted stock units granted on February 25, 2025. This method of covering taxes was allowed by the award agreement and approved by the Compensation Committee.

What is Tonya K. Sturm’s role at FIRST UNITED CORP/MD/ in this insider transaction?

Tonya K. Sturm is the Executive Vice President and Chief Financial Officer of FIRST UNITED CORP/MD/. She reported a tax-withholding disposition of company Common Stock related to the vesting of her equity-based compensation award.