First United Corp (FUNC) director reports RSU vesting and tax share surrender

Rhea-AI Filing Summary

First United Corp. director Carissa Lynn Rodeheaver reported the vesting of time-based restricted stock units, resulting in an award of 766 shares of Common Stock on March 16, 2026. These shares were originally granted as RSUs on March 15, 2023.

To cover tax withholding on the RSU vesting, 311 shares were surrendered back to the company at $35.99 per share, a non-market, tax-related disposition. After these transactions, she holds 47,588.0042 shares directly, plus indirect holdings of 86.2452 shares via her spouse as UTMA custodian for her son and 936.1499 shares through a 401(k) plan.

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^*

Rodeheaver Carissa Lynn

(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)

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

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		766(1)	A	$0	47,899.0042	D
Common Stock	03/16/2026		F		311(2)	D	$35.99	47,588.0042	D
Common Stock								86.2452	I	By spouse as UTMA custodian for son
Common Stock								936.1499	I	By 401(k) plan

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 ("RSUs") that were granted on March 15, 2023.

2. The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of the RSUs as permitted by the related award agreement and approved by the issuer's Compensation Committee.

	/s/ Carissa L. Rodeheaver	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 transactions did Carissa Lynn Rodeheaver report for FUNC?

Carissa Lynn Rodeheaver reported RSU vesting that delivered 766 shares of First United Corp. (FUNC) common stock. She then surrendered 311 shares to satisfy tax withholding obligations, a non-market disposition approved under the award agreement and overseen by the Compensation Committee.

Were any FUNC shares bought or sold on the open market in this Form 4?

No open-market buys or sells were reported. The Form 4 shows an equity award from vested restricted stock units and 311 shares surrendered to the issuer at $35.99 per share solely to cover tax withholding tied to the RSU vesting event.

How many FUNC shares does Carissa Lynn Rodeheaver own after these transactions?

After the RSU vesting and tax-withholding surrender, she directly holds 47,588.0042 FUNC common shares. In addition, she has indirect holdings of 86.2452 shares via her spouse as UTMA custodian for her son and 936.1499 shares through a 401(k) plan.

What is the nature of the RSU award reported by FUNC director Rodeheaver?

The award relates to time-vesting restricted stock units granted on March 15, 2023. On March 16, 2026, those RSUs vested and were settled in 766 shares of First United Corp. common stock, reflecting compensation rather than a discretionary market purchase.

How were tax obligations handled for the RSU vesting at First United Corp. (FUNC)?

Tax obligations were satisfied by surrendering 311 shares to the company at $35.99 per share. This was permitted under the RSU award agreement and approved by the Compensation Committee, avoiding a separate cash payment for the associated tax liability.