Sturm Tonya K. 4
4 · FIRST UNITED CORP/MD/ · Filed Mar 2, 2023
Insider Transaction Report
Form 4
Sturm Tonya K.
EVP & CFO
Transactions
- Award
Phantom Stock
2023-02-28$20.08/sh+1,000$20,081→ 5,850 total→ Common Stock (1,000 underlying)
Footnotes (2)
- [F1]Each share of phantom stock represents the right to receive one share of First United Corporation common stock or the cash value thereof.
- [F2]Shares of phantom stock are payable in cash or shares of common stock of First United Corporation following the reporting person's separation from service with First United Corporation. The phantom stock account is maintained under a deferred compensation plan, and the reporting person may transfer that account into an alternative account at any time.