First United CRO surrenders 106 shares for taxes

First United Corp.’s Chief Revenue Officer, Robert L. Fisher II, reported a small tax-related share disposition.

Accepted by SEC EDGAR 02/26/2026 - 11:19 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

First United Corp.’s Chief Revenue Officer, Robert L. Fisher II, reported a small tax-related share disposition. On the transaction date, he surrendered 106 shares of common stock at $35.42 per share back to the company to cover tax withholding on vesting restricted stock units.

These time-vesting restricted stock units were originally granted on February 25, 2025 under an award agreement approved by the Compensation Committee. After this tax-withholding disposition, Fisher directly holds 13,278 shares of First United Corp common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 106 shares

Exercise Price or Tax Liability 1 txn

Insider Fisher Robert L. II

Role Chief Revenue Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	106	$35.42	$4K

Holdings After Transaction: Common Stock — 13,278 shares (Direct)

Footnotes (1)

1. F1. The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of time-vesting restricted stock units that were granted on February 25, 2025 as permitted by the related award agreement and approved by the issuer's Compensation Committee.

FAQ

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What insider transaction did FIRST UNITED CORP/MD/ (FUNC) report for Robert L. Fisher II?

FIRST UNITED CORP/MD/ reported that Chief Revenue Officer Robert L. Fisher II surrendered 106 common shares. The shares were delivered back to the issuer to satisfy tax withholding obligations tied to vesting restricted stock units granted on February 25, 2025.

Was the FUNC insider transaction by Robert L. Fisher II an open-market sale?

No, the transaction was not an open-market sale. The 106 shares of FIRST UNITED CORP/MD/ common stock were surrendered to the issuer for tax withholding, in connection with vesting time-based restricted stock units under an approved award agreement.

At what price were the 106 FUNC shares valued in Robert L. Fisher II’s Form 4?

The 106 surrendered shares were valued at $35.42 per share. This value was used in recording the tax-withholding disposition of FIRST UNITED CORP/MD/ common stock associated with the vesting of time-vesting restricted stock units.

How many FIRST UNITED CORP/MD/ (FUNC) shares does Robert L. Fisher II own after the transaction?

After the tax-withholding disposition, Robert L. Fisher II directly owns 13,278 shares of FIRST UNITED CORP/MD/ common stock. This post-transaction holding reflects the surrender of 106 shares back to the issuer to cover tax obligations.

Why did Robert L. Fisher II surrender FUNC shares to the issuer?

He surrendered shares to satisfy tax withholding obligations triggered by the vesting of time-vesting restricted stock units. The award was granted on February 25, 2025, and the surrender was permitted by the award agreement and approved by the Compensation Committee.

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

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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

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^*

Fisher Robert L. II

(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)
	Chief Revenue Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		F		106(1)	D	$35.42	13,278	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 were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of time-vesting restricted stock units that were granted on February 25, 2025 as permitted by the related award agreement and approved by the issuer's Compensation Committee.

	/s/ Robert L. Fisher II	02/25/2026
	** 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.
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