First United Corp. officer surrenders 146 shares

FIRST UNITED CORP/MD/ Chief Banking Officer Robert L. Fisher II surrendered 146 shares of common stock at $36.88 per share to the company to satisfy tax withholding on vesting of time-vesting restricted stock units granted on May 20, 2024.

Accepted by SEC EDGAR 05/21/2026 - 03:36 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

FIRST UNITED CORP/MD/ Chief Banking Officer Robert L. Fisher II surrendered 146 shares of common stock at $36.88 per share to the company to satisfy tax withholding on vesting of time-vesting restricted stock units granted on May 20, 2024. After this compensation-related tax-withholding disposition, he directly holds 14,355 shares of common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 146 shares

Exercise Price or Tax Liability 1 txn

Insider Fisher Robert L. II

Role Chief Banking Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	146	$36.88	$5K

Holdings After Transaction: Common Stock — 14,355 shares (Direct)

Footnotes (1)

1. F1. 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 May 20, 2024 as permitted by the related award agreement and approved by the issuer's Compensation Committee.

Key Figures

Shares surrendered for tax withholding: 146 shares Tax-withholding share value per share: $36.88 per share Shares held after transaction: 14,355 shares

3 metrics

Shares surrendered for tax withholding 146 shares Common Stock delivered to issuer to satisfy tax obligations

Tax-withholding share value per share $36.88 per share Value used for surrendered Common Stock

Shares held after transaction 14,355 shares Direct holdings of Common Stock following tax-withholding disposition

Key Terms

time-vesting restricted stock units, tax withholding obligations, Compensation Committee

3 terms

time-vesting restricted stock units financial

"vesting of time-vesting restricted stock units that were granted on May 20, 2024"

tax withholding obligations financial

"satisfaction of the tax withholding obligations associated with the vesting of time-vesting restricted stock units"

Compensation Committee financial

"as permitted by the related award agreement and approved by the issuer's Compensation Committee"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

FAQ

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

FIRST UNITED CORP/MD/ reported that Chief Banking Officer Robert L. Fisher II surrendered 146 common shares to the company. The shares were used to cover tax withholding tied to the vesting of previously granted restricted stock units, rather than an open-market sale.

Was the FIRST UNITED CORP/MD/ (FUNC) insider transaction an open-market sale?

No, the transaction was not an open-market sale. The 146 shares of common stock were surrendered back to the issuer to satisfy tax withholding obligations arising from the vesting of time-vesting restricted stock units granted on May 20, 2024.

How many FIRST UNITED CORP/MD/ (FUNC) shares does Robert L. Fisher II hold after the transaction?

After the tax-withholding disposition, Robert L. Fisher II directly holds 14,355 shares of FIRST UNITED CORP/MD/ common stock. This indicates the surrendered 146 shares represent a small portion of his total reported direct holdings at the time of this filing.

What price per share was used for the FIRST UNITED CORP/MD/ (FUNC) tax-withholding disposition?

The 146 common shares surrendered for tax withholding were valued at $36.88 per share. This price was used to determine the value of shares returned to the issuer to cover tax obligations related to restricted stock unit vesting.

What triggered the tax-withholding share surrender at FIRST UNITED CORP/MD/ (FUNC)?

The surrender was triggered by the vesting of time-vesting restricted stock units granted on May 20, 2024. Under the award agreement, and with Compensation Committee approval, shares could be returned to the issuer to satisfy related tax withholding obligations.

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Form 4 Insider Transactions: What Each Field Means →

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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^*

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)
	Chief Banking Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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	05/20/2026		F		146(1)	D	$36.88	14,355	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 May 20, 2024 as permitted by the related award agreement and approved by the issuer's Compensation Committee.

	/s/ Robert L. Fisher II	05/21/2026
	** 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)