Retired director of First United Corp (FUNC) adds shares via reinvestment
Rhea-AI Filing Summary
First United Corp (FUNC) reporting person Carissa Lynn Rodeheaver, a retired director, recorded two dividend-reinvestment purchases of common stock on August 3, 2026, totaling 139.9375 shares at per-share prices of $45.32 and $45.84. Indirect holdings after these updates were 87.3475 shares held by her spouse as UTMA custodian for their son and 948.9095 shares held through a 401(k) plan, with each indirect position including additional shares acquired under the company’s Dividend Reinvestment and Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 139.9375 shares
Net Buy
4 txns
Insider
Rodeheaver Carissa Lynn
Role
Insider
Bought
139.9375 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2 | 36.8835 | $45.32 | $2K |
| Purchase | Common Stock F1 | 103.054 | $45.84 | $5K |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 49,010.4876 shares (Direct);
Common Stock — 87.3475 shares (Indirect, By spouse as UTMA custodian for son);
Common Stock — 948.9095 shares (Indirect, By 401(k) plan)
Footnotes (4)
- F1. The shares were purchased pursuant to a dividend reinvestment program offered through a brokerage account maintained by the reporting person.
- F2. Amount includes 141.7448 shares acquired with reinvested dividends pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan (the "DRSPP") since the date of the last report.
- F3. Amount includes 0.5101 shares acquired with reinvested dividends pursuant to the DRSPP since the date of the last report.
- F4. Amount includes 6.6145 shares acquired with reinvested dividends pursuant to the DRSPP since the date of the last report.
Key Figures
Common shares purchased: 139.9375 shares
Purchase price per share (lot 1): $45.32 per share
Purchase price per share (lot 2): $45.84 per share
+5 more
8 metrics
Common shares purchased
139.9375 shares
Total common stock purchased on August 3, 2026 via dividend reinvestment
Purchase price per share (lot 1)
$45.32 per share
36.8835 shares of common stock purchased on August 3, 2026
Purchase price per share (lot 2)
$45.84 per share
103.0540 shares of common stock purchased on August 3, 2026
Indirect UTMA holdings
87.3475 shares
Common stock held indirectly by spouse as UTMA custodian for son after August 3, 2026
Indirect 401(k) holdings
948.9095 shares
Common stock held indirectly through a 401(k) plan after August 3, 2026
DRSPP dividends added (direct)
141.7448 shares
Shares acquired with reinvested dividends under DRSPP since the last report, included in a direct holdings amount
DRSPP dividends added (UTMA)
0.5101 shares
Additional DRSPP dividend reinvestment shares included in UTMA custodial holdings since the last report
DRSPP dividends added (401(k))
6.6145 shares
Additional DRSPP dividend reinvestment shares included in 401(k) holdings since the last report
Key Terms
dividend reinvestment program, Dividend Reinvestment and Stock Purchase Plan, DRSPP, UTMA custodian, +1 more
5 terms
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.
Dividend Reinvestment and Stock Purchase Plan financial
"First United Corporation Dividend Reinvestment and Stock Purchase Plan (the "DRSPP")"
A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.
DRSPP financial
"Amount includes 6.6145 shares acquired with reinvested dividends pursuant to the DRSPP"
UTMA custodian financial
"By spouse as UTMA custodian for son"
401(k) plan financial
"Amount includes 6.6145 shares acquired with reinvested dividends pursuant to the DRSPP by 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Is Carissa Lynn Rodeheaver currently an officer or director of FIRST UNITED CORP/MD/ (FUNC)?
No. The reporting person is identified as a “Retired director” and is not flagged as a current officer, director, or 10% owner. The Form 4 reflects her status while still requiring disclosure of her beneficial ownership transactions.
Were Rodeheaver’s FUNC transactions made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, indicating the transactions were not affirmed as being made pursuant to a Rule 10b5-1 trading plan. However, the purchases were executed through an established dividend reinvestment program and DRSPP participation.