First United director buys shares via dividends

First United Corp. director Brian R. Boal acquired additional company stock through an automatic plan tied to dividends.

Accepted by SEC EDGAR 05/05/2026 - 12:56 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

First United Corp. director Brian R. Boal acquired additional company stock through an automatic plan tied to dividends. On May 1, 2026, he purchased 78.48 shares of Common Stock at $38.10 per share under a dividend reinvestment program in his brokerage account.

After this transaction, Boal directly holds 20,917.408 First United common shares. The filing shows a single open-market type purchase with no related sales or derivative exercises reported in this Form 4.

Insider Trade Summary

Net Buyer: 78.48 shares

Net Buy 1 txn

Insider Boal Brian R.

Role Director

Bought 78.48 shs ($3K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	78.48	$38.10	$3K

Holdings After Transaction: Common Stock — 20,917.408 shares (Direct)

Footnotes (1)

1. F1. The shares were purchased pursuant to a dividend reinvestment program offered through a brokerage account maintained by the reporting person.

Key Figures

Shares purchased: 78.48 shares Purchase price: $38.10 per share Shares owned after transaction: 20,917.408 shares +2 more

5 metrics

Shares purchased 78.48 shares Common Stock bought on May 1, 2026

Purchase price $38.10 per share Price for the 78.48 Common Stock shares

Shares owned after transaction 20,917.408 shares Direct First United Common Stock holdings post-transaction

Net shares bought 78.48 shares Net buy direction in transaction summary

Buy transactions count 1 transaction Single purchase reported in this Form 4

Key Terms

dividend reinvestment program, open-market purchase, Common Stock

3 terms

dividend reinvestment program financial

"The shares were purchased pursuant to a dividend reinvestment program offered through a brokerage account"

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

open-market purchase financial

"transaction_action: "open-market purchase" with transaction code "P" for Common Stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Common Stock financial

"security_title: "Common Stock" for the non-derivative transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did director Brian R. Boal do in this First United (FUNC) Form 4 filing?

Director Brian R. Boal reported buying additional First United common stock. He acquired 78.48 shares on May 1, 2026 at $38.10 per share through a dividend reinvestment program, increasing his directly held position to 20,917.408 shares.

How many First United (FUNC) shares did Brian Boal buy and at what price?

Brian Boal bought 78.48 shares of First United Common Stock. The shares were acquired at a price of $38.10 per share on May 1, 2026, according to the Form 4 transaction details for this non-derivative open-market type purchase.

How many First United (FUNC) shares does Brian Boal own after this transaction?

Following the reported purchase, Brian Boal directly owns 20,917.408 shares of First United Common Stock. This total reflects his holdings after acquiring 78.48 additional shares through the dividend reinvestment program described in the Form 4 filing footnote.

Was Brian Boal’s First United (FUNC) share purchase open-market or part of a plan?

The transaction is coded as an open-market purchase but occurred via a dividend reinvestment program. The footnote explains the 78.48 shares were bought through a dividend reinvestment program within a brokerage account maintained by the reporting person.

Did Brian Boal sell any First United (FUNC) shares in this Form 4?

No sales are reported in this Form 4. The transaction summary shows one purchase totaling 78.48 shares, with no shares sold, gifted, withheld for taxes, or restructured, and no derivative exercises or derivative holdings disclosed in this specific filing.

Does this First United (FUNC) Form 4 involve any stock options or derivatives?

This Form 4 does not report any derivative securities. The derivativeSummary is empty and the only transaction involves non-derivative Common Stock, reflecting 78.48 shares purchased and a resulting direct ownership of 20,917.408 common shares for Brian Boal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Boal Brian R.

(Last) (First) (Middle)

19 S. 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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	05/01/2026		P(1)		78.48	A	$38.1	20,917.408	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 purchased pursuant to a dividend reinvestment program offered through a brokerage account maintained by the reporting person.

	/s/ Tonya K. Sturm, attorney-in-fact	05/05/2026
	** 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)