First United Corporation (FUNC) CFO adds shares via dividend reinvestment
Rhea-AI Filing Summary
Tonya K. Sturm, EVP & CFO of First United Corporation, reported purchasing 2.469 shares of common stock on August 3, 2026 at $45.84 per share through a dividend reinvestment program. After these and prior DRSPP acquisitions, she directly owns 11,835.0907 shares and indirectly holds 5.5749 shares via a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2.469 shares
Net Buy
2 txns
Insider
Sturm Tonya K.
Role
EVP & CFO
Bought
2.469 shs ($113.18)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2 | 2.469 | $45.84 | $113.18 |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,835.0907 shares (Direct);
Common Stock — 5.5749 shares (Indirect, By 401(k) plan)
Footnotes (3)
- F1. The shares were purchased pursuant to a dividend reinvestment program offered through a brokerage account maintained by the reporting person.
- F2. Amount includes 57.0240 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 0.0388 shares acquired with reinvested dividends pursuant to the DRSPP since the date of the last report.
Key Figures
Shares purchased: 2.469 shares
Purchase price: $45.8400 per share
Direct holdings after transaction: 11,835.0907 shares
+4 more
7 metrics
Shares purchased
2.469 shares
Common stock purchased on August 3, 2026 via dividend reinvestment program
Purchase price
$45.8400 per share
Price for the 2.469 common shares acquired on August 3, 2026
Direct holdings after transaction
11,835.0907 shares
Total direct First United common stock held by Tonya K. Sturm after the reported purchase
Indirect 401(k) holdings
5.5749 shares
Common stock held indirectly through a 401(k) plan after the report
DRSPP direct reinvested shares
57.0240 shares
Direct holdings amount includes 57.0240 shares acquired with reinvested dividends under the DRSPP since last report
DRSPP 401(k) reinvested shares
0.0388 shares
Indirect 401(k) holdings include 0.0388 shares acquired with reinvested dividends under the DRSPP since last report
Transaction date
2026-08-03
Date of the reported dividend reinvestment share purchase
Key Terms
Dividend Reinvestment and Stock Purchase Plan, DRSPP, 401(k) plan, indirect ownership
4 terms
Dividend Reinvestment and Stock Purchase Plan financial
"pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan"
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
"shares acquired with reinvested dividends pursuant to the DRSPP since the date of the last report"
401(k) plan financial
"nature of ownership reported as "By 401(k) plan" for indirect shares"
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.
indirect ownership financial
"indirect ownership reported through a 401(k) plan for 5.5749 shares"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did First United (FUNC) CFO Tonya K. Sturm report?
Tonya K. Sturm reported purchasing 2.469 shares of First United common stock at $45.84 per share on August 3, 2026. The purchase occurred through a dividend reinvestment program tied to her brokerage account rather than a discretionary open-market trade.
What is the role of the DRSPP in Tonya K. Sturm’s First United (FUNC) holdings?
Her reported direct holdings include 57.0240 shares acquired with reinvested dividends under the First United Corporation Dividend Reinvestment and Stock Purchase Plan since the prior report. Her 401(k) position similarly includes 0.0388 shares accumulated via the DRSPP.
How are Tonya K. Sturm’s indirect First United (FUNC) holdings structured?
Indirect holdings of 5.5749 shares are reported as owned "By 401(k) plan." A footnote clarifies that this amount includes 0.0388 shares obtained through dividend reinvestment under the DRSPP, distinguishing these from her larger direct share position.