FIRST UNITED CORP/MD/·4

Feb 5, 9:13 AM ET

Rodeheaver Carissa Lynn 4

Research Summary

AI-generated summary

Updated

First United (FUNC) Director Carissa Rodeheaver Buys 159.12 Shares

What Happened

  • Director Carissa Lynn Rodeheaver purchased a total of 159.122 shares of First United Corporation (FUNC) on Feb 3, 2026. The trades were two open-market or private purchases: 41.655 shares at $39.60 ($1,650) and 117.467 shares at $39.68 ($4,661), for an aggregate cost of approximately $6,311. These were purchases (acquisitions), which are typically viewed as a more bullish signal than sales but are routine when done through dividend reinvestment.

Key Details

  • Transaction dates and prices: Feb 3, 2026 — 41.655 shares @ $39.60 and 117.467 shares @ $39.68.
  • Total acquired: 159.122 shares for ~$6,311.
  • Shares owned after transaction: Not specified in the provided filing.
  • Filing date: Feb 5, 2026 (appears timely relative to the Feb 3 transaction).
  • Footnotes of note:
    • F1: Purchases made pursuant to a dividend reinvestment program through the reporting person's brokerage account.
    • F2: Includes 139.2209 shares acquired with reinvested dividends since the last report.
    • F3: Includes 0.5895 shares acquired with reinvested dividends since the last report.
    • F4: Includes 6.7424 shares acquired with reinvested dividends since the last report.
  • Transaction code: P = Purchase.

Context

  • These purchases were executed via a dividend reinvestment program (DRIP), meaning dividends were used to buy additional shares rather than receiving cash — a common, automated way insiders accumulate stock. The dollar amount here is modest (~$6.3k), so while it shows continued insider participation, it is not a large capital commitment by institutional or executive standards.
  • The filing does not indicate the reporter is a 10% owner or that any derivative transactions occurred.