First United (FUNC) CEO receives 502-share stock award in Form 4 filing

Rhea-AI Filing Summary

FIRST UNITED CORP/MD/ President & CEO Jason Barry Rush reported an acquisition of company stock through a compensation award. On March 16, 2026, he received 502 shares of Common Stock at no purchase price, issued upon vesting of time-based restricted stock units granted on March 15, 2023.

After this award, his direct holdings increased to 27,000.1931 shares of Common Stock. This was a grant/award acquisition rather than an open-market purchase, reflecting routine equity compensation for the chief executive.

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^*

Rush Jason Barry

(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)
	President & CEO

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		502(1)	A	$0	27,000.1931	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 that were granted on March 15, 2023.

	/s/ Jason B. Rush	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 CORP/MD/ (FUNC) report for Jason Barry Rush?

FIRST UNITED CORP/MD/ reported that President & CEO Jason Barry Rush acquired 502 shares of Common Stock. The shares were issued as a stock award, not bought in the market, reflecting routine equity compensation tied to previously granted restricted stock units.

How many FIRST UNITED CORP/MD/ (FUNC) shares does Jason Barry Rush hold after this Form 4?

Following the reported transaction, Jason Barry Rush directly holds 27,000.1931 shares of FIRST UNITED CORP/MD/ Common Stock. This total includes the 502 shares received through the vesting of time-based restricted stock units granted on March 15, 2023.

Was the FIRST UNITED CORP/MD/ (FUNC) CEO stock transaction an open-market purchase or a grant?

The transaction was a grant, not an open-market purchase. Jason Barry Rush received 502 shares of Common Stock at zero price, issued upon vesting of time-vesting restricted stock units originally granted on March 15, 2023 as part of his compensation.

What is the significance of the restricted stock units mentioned in the FUNC Form 4 filing?

The Form 4 notes that the 502 shares were issued from time-vesting restricted stock units granted on March 15, 2023. This means the award reflects previously approved compensation that became deliverable in shares once service-based vesting conditions were satisfied.

Does the FIRST UNITED CORP/MD/ (FUNC) Form 4 show any insider stock sales by the CEO?

The Form 4 shows no insider stock sales by Jason Barry Rush. It reports only an acquisition of 502 shares of Common Stock through a grant or award, increasing his direct ownership to slightly more than 27,000 shares after the transaction.