First Utd Corp SEC Filings

First United Corp. director Carissa Lynn Rodeheaver reported the vesting of time-based restricted stock units, resulting in an award of 766 shares of Common Stock on March 16, 2026. These shares were originally granted as RSUs on March 15, 2023.

To cover tax withholding on the RSU vesting, 311 shares were surrendered back to the company at $35.99 per share, a non-market, tax-related disposition. After these transactions, she holds 47,588.0042 shares directly, plus indirect holdings of 86.2452 shares via her spouse as UTMA custodian for her son and 936.1499 shares through a 401(k) plan.

FIRST UNITED CORP/MD/ EVP & CFO Tonya K. Sturm reported equity compensation activity involving the company’s common stock. She acquired 428 shares on March 16, 2026 as a stock award tied to time-vesting restricted stock units originally granted on March 15, 2023.

On the same date, 144 shares were surrendered back to the company at $35.99 per share to cover tax withholding obligations related to the RSU vesting, as allowed under the award agreement and approved by the Compensation Committee. After these transactions, she directly holds 11,840.9988 shares of common stock and indirectly holds 5.4999 shares through a 401(k) plan.

FIRST UNITED CORP/MD/ President & CEO Jason Barry Rush reported an acquisition of company stock through a compensation award. On March 16, 2026, he received 502 shares of Common Stock at no purchase price, issued upon vesting of time-based restricted stock units granted on March 15, 2023.

After this award, his direct holdings increased to 27,000.1931 shares of Common Stock. This was a grant/award acquisition rather than an open-market purchase, reflecting routine equity compensation for the chief executive.

First United Corporation is soliciting proxies for its 2026 Annual Meeting of Shareholders to be held at 9:00 a.m. Eastern on May 7, 2026 at First United Operations Center in Oakland, Maryland. The Board asks shareholders to vote to elect ten directors, approve a charter amendment reducing certain shareholder-approval vote thresholds from two-thirds to a majority, cast a non-binding Say-on-Pay vote for 2025 executive compensation, recommend the frequency of future Say-on-Pay votes, and ratify Crowe, LLP as the independent registered public accounting firm for 2026.

The Board unanimously recommends voting FOR all proposals. The record date for voting is February 27, 2026; shares of Common Stock issued and outstanding were 6,501,382 as of that date. Proxy materials, the Proxy Card and the 2025 Annual Report (including the 2025 Form 10-K) will be first sent on or about March 31, 2026.

First United Corporation updated both its long-term and short-term executive incentive plans. For the Long-Term Incentive Plan, performance-vesting restricted stock units now use return on average equity and tangible book value per share growth measured against a custom peer group of 103 similarly sized publicly traded banks, with payouts tied to 25th, 50th, and 75th percentile performance levels.

For the Short-Term Incentive Plan, 2026 cash awards for senior executives will depend on return on average assets, efficiency ratio, loan delinquencies, and individual goals. Potential 2026 payouts range from $71,250–$213,750 for CEO Jason B. Rush, $36,796–$110,389 for CFO Tonya K. Sturm, and $39,347–$118,040 for executive Robert L. Fisher, II.

First United Corporation updated its change in control severance arrangement for President and Chief Executive Officer Jason B. Rush. Under a new Second Amended and Restated Agreement tied to the company’s Change in Control Severance Plan, his cash severance multiple increases from 2.0 times to 2.99 times his defined “Final Pay” if he experiences a qualifying severance after a change in control. The agreement is dated March 11, 2026 and is filed as an exhibit to this report.

Tasker Anthony James reported acquisition or exercise transactions in this Form 4 filing.

First United Corp. senior vice president and COO Anthony James Tasker received an equity award of 465 shares of common stock in the form of restricted stock units. This compensation-related grant increased his direct holdings to 988 shares after the transaction.

The RSUs will vest in equal annual installments over three years beginning on March 6, 2027, as long as he remains employed on each vesting date. This filing reflects a routine stock-based compensation grant rather than an open-market stock purchase.

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.

Rush Jason Barry reported acquisition or exercise transactions in this Form 4 filing.

First United Corporation President & CEO Jason Barry Rush received an equity grant of 1,252 restricted stock units, each representing one share of common stock. The RSUs vest ratably over three years beginning on March 6, 2027, contingent on continued employment.

Following this grant, Rush directly holds 26,498.193 shares of First United common stock. This is a routine compensation-related award, not an open-market purchase or sale.