First United Corporation’s SEC filings document a Maryland bank holding company with common stock listed on the Nasdaq Stock Market under FUNC. Recent 8-K reports furnish operating results, dividend announcements, annual meeting materials, officer appointments, and executive compensation arrangements tied to the company and its bank subsidiary, First United Bank & Trust.
Proxy materials and related governance filings cover director elections, executive compensation, equity awards, pay-versus-performance disclosures, and shareholder meeting matters. The filing record also reflects the company’s capital structure as a public bank holding company and its formal disclosures around community banking, wealth management, risk oversight, and board-level compensation programs.
First United Corporation offers 706,464 shares of common stock pursuant to its Dividend Reinvestment and Stock Purchase Plan (the "Plan"). The prospectus dated April 15, 2026 explains that participants may reinvest cash dividends and make optional cash investments ($50 minimum; $100,000 per calendar quarter) to acquire shares, which may be newly issued, purchased in the open market, or acquired in negotiated transactions. The price for newly issued shares is 100% of "fair market value," defined as the 20‑trading‑day average of the high and low on The NASDAQ Global Select Market; the 20‑day average was $37.13 and the closing price was $37.69 on April 15, 2026. The prospectus states that we will receive net proceeds only when newly issued shares are sold under the Plan and that 1,020,141 shares have been authorized under the Plan since inception, of which 276,003 were previously sold.
First United Corporation files a post-effective amendment converting its registration statement back to Form S-1 and updates a prospectus to offer 706,464 shares of common stock under its Dividend Reinvestment and Stock Purchase Plan.
The prospectus states up to 1,020,141 shares were authorized for the Plan since inception and 276,003 shares were previously sold; proceeds from newly issued shares will be added to general corporate funds.
The Vanguard Group filed an Amendment No. 1 to a Schedule 13G reporting for First United Corp Common Stock. The filing states an amount beneficially owned: 0 and percent of class: 0%. The amendment explains an internal realignment effective January 12, 2026, after which subsidiaries of The Vanguard Group will report holdings separately in reliance on SEC Release No. 34-39538 (January 12, 1998).
The signature block shows the form was signed by Ashley Grim, Head of Global Fund Administration on 03/26/2026.
First United Corporation is asking shareholders to vote at its 2026 Annual Meeting on May 7, 2026 in Oakland, Maryland. Shareholders will elect 10 directors, including new CEO Jason B. Rush, and consider an amendment to the charter to lower approval thresholds for certain shareholder actions from two-thirds to a majority of votes entitled to be cast.
Investors will also cast non-binding advisory votes on 2025 executive pay and on how often future say‑on‑pay votes should occur, and will vote on ratifying Crowe, LLP as auditor for 2026. The record date is February 27, 2026, when 6,501,382 common shares were outstanding. The Board unanimously recommends voting for all director nominees, for Proposals 2, 3 and 5, and for every 1 year on Proposal 4.
FIRST UNITED CORP/MD/ executive Robert L. Fisher II received a stock award and surrendered shares for taxes. On this Form 4, he acquired 526 shares of common stock at no cost upon vesting of time-vesting restricted stock units granted on March 15, 2023. He then surrendered 178 shares at a value of $35.99 per share back to the company to satisfy tax withholding obligations related to that vesting, a non-market, compensation-related disposition. After these transactions, he directly owns 14,501 shares of common stock.
FIRST UNITED CORP/MD/ executive Keith Sanders reported a stock-based compensation event. On March 16, he received 420 shares of Common Stock at no cost, issued upon vesting of time-based RSUs originally granted on March 15, 2023. To cover related tax withholding obligations, 141 shares were surrendered back to the company at $35.99 per share, as permitted by the award agreement and approved by the Compensation Committee. After these transactions, Sanders directly holds 15,461.8195 shares of Common Stock.
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.