FIRST UNITED CORP/MD/·4

Feb 26, 11:17 AM ET

Rodeheaver Carissa Lynn 4

Research Summary

AI-generated summary

Updated

First United (FUNC) Director Carissa Rodeheaver Surrenders 164 Shares

What Happened

  • Carissa Lynn Rodeheaver, a director of First United Corp (FUNC), surrendered 164 shares to the issuer on 2026-02-25 to satisfy tax withholding obligations tied to the vesting of time‑vesting restricted stock units.
  • The shares were valued at $35.42 each, totaling $5,809. The transaction is reported as a disposition under code F (tax withholding).

Key Details

  • Transaction date: 2026-02-25; Price: $35.42 per share; Shares surrendered: 164; Total value: $5,809.
  • Filing date: 2026-02-26 (timely filing for a 2026-02-25 transaction).
  • Shares owned after the transaction: not specified in the provided Form 4.
  • Footnote: The shares were surrendered to satisfy tax withholding for RSUs granted on February 25, 2025, per the award agreement and approved by the issuer’s Compensation Committee.

Context

  • This was not an open‑market sale but a routine share surrender/net settlement to cover taxes on vested RSUs (often called a “sell-to-cover” or withholding surrender). Such transactions are administrative and do not necessarily indicate the insider’s view of the company’s prospects.
  • The dollar amount is modest ($5.8k), so it’s generally not considered a material signal of insider sentiment.