First United (FUNC) EVP receives stock, surrenders shares for taxes

Rhea-AI Filing Summary

FIRST UNITED CORP/MD/ executive Robert L. Fisher II received a stock award and surrendered shares for taxes. On this Form 4, he acquired 526 shares of common stock at no cost upon vesting of time-vesting restricted stock units granted on March 15, 2023. He then surrendered 178 shares at a value of $35.99 per share back to the company to satisfy tax withholding obligations related to that vesting, a non-market, compensation-related disposition. After these transactions, he directly owns 14,501 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^*

Fisher Robert L. II

(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 Lending Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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)

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	03/16/2026		A		526(1)	A	$0	14,679	D
Common Stock	03/16/2026		F		178(2)	D	$35.99	14,501	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 were issued pursuant to time-vesting restricted stock units ("RSUs") that were granted on March 15, 2023.

2. The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of the RSUs as permitted by the related award agreement and approved by the issuer's Compensation Committee.

	/s/ Robert L. Fisher II	03/17/2026
	** 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)

FAQ

What insider transaction did FIRST UNITED (FUNC) report for Robert L. Fisher II?

FIRST UNITED reported that EVP & Chief Lending Officer Robert L. Fisher II received 526 shares of common stock from vesting restricted stock units, then surrendered 178 shares to the company to cover tax withholding obligations related to that vesting, leaving him with 14,501 directly owned shares.

Was the FIRST UNITED (FUNC) Form 4 a market purchase or sale of shares?

The Form 4 does not show any open-market purchases or sales. It records a grant of 526 common shares from vesting RSUs and a related surrender of 178 shares back to the issuer to satisfy tax withholding, a routine non-market compensation and tax transaction.

How many FIRST UNITED (FUNC) shares does Robert L. Fisher II now hold?

After the reported transactions, Robert L. Fisher II directly holds 14,501 shares of FIRST UNITED common stock. This reflects the net result of receiving 526 shares upon RSU vesting and surrendering 178 shares to the issuer to cover associated tax withholding obligations on March 16, 2026.

What is the nature of the 526 FIRST UNITED (FUNC) shares reported on this Form 4?

The 526 shares were issued when time-vesting restricted stock units granted on March 15, 2023 vested. These shares were awarded at no cash cost to Robert L. Fisher II as part of his equity compensation as EVP & Chief Lending Officer of FIRST UNITED CORP/MD/.

Why were 178 FIRST UNITED (FUNC) shares surrendered by Robert L. Fisher II?

The 178 shares were surrendered to FIRST UNITED to satisfy tax withholding obligations triggered by the vesting of the restricted stock units. The shares were valued at $35.99 per share and the surrender was permitted by the award agreement and approved by the company’s Compensation Committee.