First United EVP granted 875 RSUs

Fisher Robert L. II reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Fisher Robert L. II reported acquisition or exercise transactions in this Form 4 filing.

First United Corp executive Robert L. Fisher II received an award of 875 restricted stock units of Common Stock as compensation. The RSUs were granted at no cash cost and each unit represents the right to receive one share of First United common stock.

According to the award terms, the RSUs will vest in equal installments over three years beginning on March 6, 2027, provided he remains employed on each vesting date. Following this grant, his directly held common stock position reported in the filing is 14,153 shares.

Insider Trade Summary

Grant/Award: 875 shares

Grant/Award 1 txn

Insider Fisher Robert L. II

Role EVP & Chief Revenue Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	875	$0.00	$0.00

Holdings After Transaction: Common Stock — 14,153 shares (Direct)

Footnotes (1)

1. F1. 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.

FAQ

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What did FIRST UNITED CORP/MD/ (FUNC) disclose in this Form 4 for Robert L. Fisher II?

The Form 4 reports that EVP & Chief Revenue Officer Robert L. Fisher II received 875 restricted stock units of First United common stock as a compensation award, increasing his directly held position to 14,153 shares after the transaction.

How many shares did the First United Corp EVP acquire in the latest FUNC Form 4?

The executive acquired 875 restricted stock units, each representing one share of First United common stock. These units were granted at no cash cost and are part of his equity-based compensation package rather than an open-market stock purchase.

When do the restricted stock units reported in the FUNC Form 4 vest?

The restricted stock units vest ratably over three years beginning on March 6, 2027. Vesting is contingent on Robert L. Fisher II remaining employed with First United Corp on each applicable vesting date during the three-year schedule.

Is the FUNC Form 4 transaction a market purchase or a compensation grant?

The transaction is a compensation grant, not a market purchase. Robert L. Fisher II received 875 restricted stock units at a price of $0.0000 per share as an equity award, reflecting non-cash compensation rather than buying shares in the open market.

What is Robert L. Fisher II’s reported share ownership after this FUNC Form 4 grant?

After the grant of 875 restricted stock units, his directly held common stock ownership reported in the filing is 14,153 shares. This total includes the newly awarded RSUs, which convert into shares as they vest over the three-year period starting March 6, 2027.

What conditions apply to the restricted stock units granted to the First United Corp EVP?

The RSUs will vest only if Robert L. Fisher II is employed on each vesting date. They vest ratably over three years starting March 6, 2027, meaning portions become deliverable annually as long as he remains with the company.

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Accepted by SEC EDGAR 03/10/2026 - 06:15 PM Learn about SEC filing dates

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)
	EVP & Chief Revenue 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		875(1)	A	$0	14,153	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/ Robert L. Fisher II	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).
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.