Sturm Tonya K. 4
4 · FIRST UNITED CORP/MD/ · Filed Mar 10, 2023
Insider Transaction Report
Form 4
Sturm Tonya K.
EVP & CFO
Transactions
- Award
Common Stock
2023-03-08+782→ 8,159.607 total - Award
Common Stock
2023-03-09+326→ 8,485.607 total
Holdings
- 4.988(indirect: By 401(k))
Common Stock
Footnotes (2)
- [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 8, 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 1,563 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 issued pursuant to time-vesting RSUs granted on March 9, 2022 relating to 979 shares of common stock that vest ratably over three years if the reporting person is employed on each applicable vesting date.