Sanders Keith 4/A
Research Summary
AI-generated summary
FIRST UNITED (FUNC) EVP Keith Sanders Surrenders 120 Shares for Taxes
What Happened
- Keith Sanders, EVP & Chief Wealth Officer of First United Corp (FUNC), surrendered 120 shares on 2026-05-20 to satisfy tax withholding obligations tied to time-vesting restricted stock units. The shares were valued at $36.88 each for a total of $4,426. This filing is an amendment to correct the transaction date in the original Form 4.
Key Details
- Transaction date: 2026-05-20 (amended filing corrects this per footnote F1)
- Price per share: $36.88; total value surrendered: $4,426
- Transaction code: F (payment of tax liability / tax withholding)
- Shares owned after transaction: not specified in this filing
- Footnote F2: Shares were surrendered to the issuer to satisfy withholding on RSUs granted May 20, 2024, as permitted by the award agreement and approved by the Compensation Committee
- Filing status: Amended Form 4 filed 2026-05-21 to correct the transaction date (not listed as late beyond the amendment)
Context
- This was a tax-withholding surrender related to vested RSUs, not an open-market sale or purchase; such transfers are routine and are used to cover withholding obligations rather than signal trading intent.