FIRST UNITED (NASDAQ: FUNC) awards 651 restricted shares to SVP Peterson

Rhea-AI Filing Summary

Peterson Julie W reported acquisition or exercise transactions in this Form 4 filing.

FIRST UNITED CORP/MD/ SVP & Chief Credit Officer Julie W. Peterson received an equity award of 651 shares of Common Stock in the form of restricted stock units. These RSUs each represent the contingent right to receive one share and will vest ratably over three years beginning on March 6, 2027, subject to continued employment. After this grant, Peterson directly holds a total of 1,603.2413 Common Stock shares.

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^*

Peterson Julie W

(Last) (First) (Middle)

19 S. 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)
	SVP & Chief Credit Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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	03/06/2026		A		651(1)	A	$0	1,603.2413	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 correspond to restricted stock units each of which represents the contingent right to receive one share of common stock of First United Corporation ("RSUs"). The RSUs will vest ratably over three years beginning on March 6, 2027 if the reporting person is employed on each applicable vesting date.

	/s/ Julie W. Peterson	03/10/2026
	** 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).
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FAQ

What insider transaction did FIRST UNITED CORP/MD/ (FUNC) report for Julie W. Peterson?

FIRST UNITED CORP/MD/ reported that SVP & Chief Credit Officer Julie W. Peterson received a grant of 651 restricted stock units. Each unit corresponds to one share of Common Stock, increasing her direct holdings to 1,603.2413 shares after the award.

Is the FUNC insider transaction for Julie W. Peterson a purchase or an award?

The FUNC insider transaction is an award, not an open-market purchase. Julie W. Peterson received 651 shares as a grant classified as a grant, award, or other acquisition, with no price paid per share (reported at $0.0000).

How do Julie W. Peterson’s restricted stock units at FUNC vest over time?

Julie W. Peterson’s 651 restricted stock units at FIRST UNITED CORP/MD/ will vest ratably over three years. Vesting begins on March 6, 2027, and each vesting date requires that she remain employed on the applicable vesting date.

What is Julie W. Peterson’s total FUNC Common Stock holding after this Form 4 transaction?

After the reported grant, Julie W. Peterson directly holds a total of 1,603.2413 shares of FIRST UNITED CORP/MD/ Common Stock. This figure reflects her position following the 651-share restricted stock unit award reported on the Form 4.

Does the FUNC Form 4 for Julie W. Peterson involve any stock sales?

No stock sales are reported in this Form 4 for FIRST UNITED CORP/MD/. The filing shows only a grant of 651 restricted stock units to Julie W. Peterson, with no dispositions, tax withholdings, or open-market sales disclosed.

What conditions apply to the vesting of Julie W. Peterson’s FUNC restricted stock units?

The 651 restricted stock units granted to Julie W. Peterson vest only if she remains employed on each applicable vesting date. Vesting occurs ratably over three years, starting March 6, 2027, based on the footnote disclosure.