Sanders Keith 4
4 · FIRST UNITED CORP/MD/ · Filed Mar 10, 2023
Insider Transaction Report
Form 4
Sanders Keith
EVP & Chief Wealth Officer
Transactions
- Award
Common Stock
2023-03-08+798→ 12,999.82 total - Tax Payment
Common Stock
2023-03-08$19.53/sh−500$9,765→ 12,499.82 total - Award
Common Stock
2023-03-09+314→ 12,813.82 total
Footnotes (3)
- [F1]The shares were issued pursuant to performance-vesting restricted stock units ("RSUs") that were granted on March 26, 2020 and vested at the maximum award level on March 9, 2023. The RSUs were previously reported in a Form 4 filed on March 30, 2020 (the "Prior Form 4"). The amount reported in Table I of the Prior Form 4 reflected the shares that could be issued under the RSUs at the target award level, or 1,597 shares. The amount reported in this Form 4 represents the difference between the shares earned by the reporting person at the maximum award level (as disclosed in footnote 4 to the Prior Form 4) and the target shares that were reported in Table I of the Prior Form 4.
- [F2]The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of the performance-vesting RSUs as permitted by the related award agreement and approved by the issuer's Compensation Committee.
- [F3]The shares were issued pursuant to time-vesting RSUs granted on March 9, 2022 relating to 942 shares of common stock that vest ratably over three years if the reporting person is employed on each applicable vesting date.