Fisher Robert L. II 4
4 · FIRST UNITED CORP/MD/ · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
FIRST UNITED (FUNC) Chief Banking Officer Surrenders 146 Shares
What Happened
Robert L. Fisher II, Chief Banking Officer of First United Corp (FUNC), surrendered 146 shares at $36.88 per share (total value about $5,384) to satisfy tax withholding obligations tied to vested time-vesting restricted stock units (RSUs). This was a tax-withholding surrender—not an open-market sale.
Key Details
- Transaction date: 2026-05-20; filing date: 2026-05-21 (filed the next day; appears timely).
- Transaction code: F (shares surrendered to cover tax liabilities).
- Quantity and price: 146 shares at $36.88 each; total value ≈ $5,384.
- Shares owned after the transaction: not disclosed in the provided filing.
- Footnote: Shares were surrendered to the issuer to satisfy withholding associated with RSUs granted May 20, 2024, as permitted by the award agreement and approved by the Compensation Committee.
Context
Surrenders to cover tax withholding on vested RSUs are routine and do not represent an open-market sale or necessarily signal insider sentiment. This is a common cashless method to meet tax obligations and reduces the insider’s outstanding shares without generating sale proceeds.
Insider Transaction Report
Form 4
Fisher Robert L. II
EVP & Chief Banking Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-05-20$36.88/sh−146$5,384→ 14,355 total
Footnotes (1)
- [F1]The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of time-vesting restricted stock units that were granted on May 20, 2024 as permitted by the related award agreement and approved by the issuer's Compensation Committee.
Signature
/s/ Robert L. Fisher II|2026-05-21