Fisher Robert L. II 4

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.