FIRST UNITED CORP (FUNC) EVP awarded 735 restricted stock units in Form 4 filing

Rhea-AI Filing Summary

Sanders Keith reported acquisition or exercise transactions in this Form 4 filing.

FIRST UNITED CORP/MD/ EVP & Chief Wealth Officer Keith Sanders received an equity award of 735 restricted stock units representing common stock. The RSUs vest in equal installments over three years beginning on March 6, 2027, contingent on continued employment on each vesting date. Following this grant, Sanders directly holds 15,182.8195 shares of common stock.

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^*

Sanders Keith

(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 & Chief Wealth Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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	03/06/2026		A		735(1)	A	$0	15,182.8195	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares correspond to restricted stock units each of which represents the contingent right to receive one share of common stock of First United Corporation ("RSUs"). The RSUs will vest ratably over three years beginning on March 6, 2027 if the reporting person is employed on each applicable vesting date.

	/s/ Keith R. Sanders	03/10/2026
	** 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.
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FAQ

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

Keith Sanders received an award of 735 restricted stock units tied to FIRST UNITED CORP common stock. These units are a form of equity compensation and do not involve an open-market purchase or sale, but rather a grant from the company at no cash cost.

How do the new restricted stock units for FUNC’s Keith Sanders vest?

The 735 restricted stock units vest ratably over three years starting March 6, 2027. Vesting each year is contingent on Sanders remaining employed on the applicable vesting date, aligning the award with long-term service and retention at FIRST UNITED CORP.

Did Keith Sanders buy or sell FUNC shares in this Form 4 filing?

The filing shows an acquisition through a grant, not a market trade. Sanders received 735 restricted stock units at a reported price of $0.00 per share as compensation, so there was no open-market buying or selling of FIRST UNITED CORP stock.

What are Keith Sanders’ FUNC share holdings after this restricted stock grant?

After the award, Sanders directly holds 15,182.8195 shares of FIRST UNITED CORP common stock. This figure reflects his reported direct ownership position following the 735 restricted stock units grant disclosed in the Form 4 insider transaction report.

What role does Keith Sanders hold at FIRST UNITED CORP (FUNC)?

Keith Sanders serves as Executive Vice President and Chief Wealth Officer at FIRST UNITED CORP. The Form 4 filing shows equity compensation aligned with this senior leadership role, in the form of restricted stock units that vest over a multi-year period.