First United (FUNC) CEO awarded 1,252 restricted stock units

Rhea-AI Filing Summary

Rush Jason Barry reported acquisition or exercise transactions in this Form 4 filing.

First United Corporation President & CEO Jason Barry Rush received an equity grant of 1,252 restricted stock units, each representing one share of common stock. The RSUs vest ratably over three years beginning on March 6, 2027, contingent on continued employment.

Following this grant, Rush directly holds 26,498.193 shares of First United common stock. This is a routine compensation-related award, not an open-market purchase or sale.

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^*

Rush Jason Barry

(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)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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	03/06/2026		A		1,252(1)	A	$0	26,498.193	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 correspond to restricted stock units each of which represents the contingent right to receive one share of common stock of First United Corporation ("RSUs"). The RSUs will vest ratably over three years beginning on March 6, 2027 if the reporting person is employed on each applicable vesting date.

	/s/ Jason B. Rush	03/10/2026
	** 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).
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FAQ

What insider transaction did FUNC President & CEO Jason Barry Rush report?

Jason Barry Rush reported receiving 1,252 restricted stock units as equity compensation. Each unit represents the right to receive one share of First United common stock, subject to a multi-year vesting schedule and continued employment conditions.

How many shares does the FUNC CEO hold after this Form 4 transaction?

After the grant, Jason Barry Rush directly holds 26,498.193 shares of First United common stock. This figure includes the newly granted restricted stock units, which settle into shares as they vest over the three-year schedule.

Is the FUNC CEO’s 1,252-share transaction a market purchase or sale?

The 1,252 shares are a grant of restricted stock units, not a market purchase or sale. They were awarded at no cash cost per share as part of compensation, with vesting tied to Rush’s continued employment at First United Corporation.

When do Jason Barry Rush’s 1,252 FUNC restricted stock units vest?

The restricted stock units vest ratably over three years beginning on March 6, 2027. Vesting occurs only if Jason Barry Rush remains employed with First United Corporation on each applicable vesting date during that three-year period.

What does the zero price per share mean in the FUNC CEO’s Form 4?

The reported price of $0.0000 per share indicates a compensation grant, not a purchase. The 1,252 restricted stock units were awarded without the CEO paying cash, reflecting equity-based pay rather than an open-market stock transaction.