First United (FUNC) exec surrenders 88 shares to cover tax withholding

Rhea-AI Filing Summary

First United Corp. executive Sanders Keith reported a small tax-related share disposition. On the transaction date, he surrendered 88 shares of common stock at a price of 35.42 per share to the issuer to satisfy tax withholding obligations tied to vesting restricted stock units.

These restricted stock units were originally granted on February 25, 2025, under an award agreement approved by the Compensation Committee. After this tax-withholding disposition, Keith directly owns 14,447.8195 shares of First United Corp. common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sanders Keith

Role Sr. VP & Sr. Trust Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	88	$35.42	$3K

Holdings After Transaction: Common Stock — 14,447.82 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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 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)
	Sr. VP & Sr. Trust Officer

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		88(1)	D	$35.42	14,447.8195	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 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/ Keith R. Sanders	02/25/2026
	** 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.

FAQ

What insider transaction did First United (FUNC) executive Sanders Keith report?

Sanders Keith reported surrendering 88 shares of First United common stock to the issuer to cover tax withholding. The shares related to vesting restricted stock units granted in February 2025 and were not an open-market sale, but a compensation-related tax event.

Was Sanders Keiths Form 4 transaction in First United (FUNC) an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Keith surrendered 88 shares back to First United to satisfy tax obligations from vesting restricted stock units, as permitted under his award agreement and approved by the Compensation Committee.

How many First United (FUNC) shares did Sanders Keith dispose of and at what price?

Keith disposed of 88 shares of First United common stock at a reported price of 35.42 per share. The shares were surrendered to the issuer specifically to cover tax withholding triggered by the vesting of time-vesting restricted stock units granted in February 2025.

Why were First United (FUNC) shares surrendered by Sanders Keith in this Form 4?

The shares were surrendered to satisfy tax withholding obligations from the vesting of time-vesting restricted stock units. This method of paying taxes was allowed under the related award agreement and had been approved by First Uniteds Compensation Committee, making it part of standard compensation administration.

How many First United (FUNC) shares does Sanders Keith own after the reported transaction?

After the tax-withholding disposition, Sanders Keith directly holds 14,447.8195 shares of First United common stock. This post-transaction balance reflects his remaining direct ownership after surrendering 88 shares back to the issuer to cover vesting-related tax obligations under his compensation award.

What is Sanders Keiths role at First United (FUNC) mentioned in the Form 4?

In the Form 4, Sanders Keith is identified as a Senior Vice President and Senior Trust Officer at First United. His reported transaction involves company common stock received through equity compensation, with a portion surrendered to the issuer to satisfy associated tax withholding requirements.