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First United (FUNC) director adds stock through dividend reinvestment

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

First United Corp. director Brian R. Boal reported purchasing 73.5910 shares of Common Stock on August 3, 2026 at $45.8400 per share through a dividend reinvestment program in his brokerage account. Following this transaction, he directly owns 22,385.9990 shares.

Positive

  • None.

Negative

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Insider Boal Brian R.
Role Director
Bought 73.591 shs ($3K)
Type Security Shares Price Value
Purchase Common Stock F1 73.591 $45.84 $3K
Holdings After Transaction: Common Stock — 22,385.999 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.
Shares purchased 73.5910 shares Common Stock acquired on August 3, 2026 by director Brian R. Boal
Purchase price $45.8400 per share Price paid for Common Stock in dividend reinvestment transaction
Post-transaction holdings 22,385.9990 shares Total Common Stock directly owned by Brian R. Boal after purchase
Transaction date August 3, 2026 Date of dividend reinvestment stock purchase
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.
Purchase in open market or private transaction financial
"transaction_code_description: Purchase in open market or private transaction"
acquired_disposed_code regulatory
"acquired_disposed_code "A" indicates the shares were acquired in the transaction"

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

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FAQ

What insider transaction did First United (FUNC) director Brian R. Boal report?
Brian R. Boal reported buying 73.5910 shares of First United Common Stock at $45.8400 per share. The purchase occurred on August 3, 2026 and was executed through a dividend reinvestment program in his brokerage account, increasing his direct holdings.

How many First United (FUNC) shares does Brian R. Boal own after this Form 4 transaction?
After the reported transaction, Brian R. Boal directly owns 22,385.9990 shares of First United Common Stock. This reflects the addition of 73.5910 shares acquired on August 3, 2026 through a dividend reinvestment program linked to his brokerage account.

Was Brian R. Boal’s August 3, 2026 FUNC share purchase an open-market trade?
The transaction is coded as a purchase, but the footnote states it was made through a dividend reinvestment program. That means dividends in his brokerage account were automatically used to buy additional First United shares rather than a discretionary cash trade.

Did Brian R. Boal use a Rule 10b5-1 trading plan for this FUNC stock purchase?
The report indicates this transaction was not made under a Rule 10b5-1 trading plan. The specific 10b5-1 checkbox is marked as false, and the explanatory footnote only refers to a dividend reinvestment program, not to any pre-arranged trading plan.

What type of security did Brian R. Boal acquire in this First United (FUNC) filing?
Brian R. Boal acquired Common Stock of First United Corp. in this insider transaction. The Form 4 identifies the security title as Common Stock, with the shares purchased via a dividend reinvestment program at a per-share price of $45.8400.
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/03/2026P73.591(1)A$45.8422,385.999D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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-fact08/04/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR