FIRST UNITED CORP/MD/·4

Mar 18, 11:32 AM ET

Rodeheaver Carissa Lynn 4

Research Summary

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First United (FUNC) Director Carissa Rodeheaver Receives RSU Award

What Happened Carissa Lynn Rodeheaver, a director of First United Corp. (FUNC), received 766 shares upon the vesting of time-vesting restricted stock units (RSUs) on March 16, 2026 (transaction code A). To satisfy tax withholding obligations, she surrendered 311 of those shares (transaction code F) at an indicated per-share withholding value of $35.99, totaling $11,193. Net shares retained from the vesting event were 455 (766 awarded − 311 withheld).

Key Details

  • Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (filed within the typical 2-business-day Form 4 deadline).
  • Award: 766 shares issued pursuant to RSUs granted March 15, 2023 (footnote F1).
  • Tax withholding: 311 shares surrendered to issuer at $35.99/share for $11,193 (footnote F2).
  • Shares owned after transaction: not specified in the filing.
  • Transaction codes: A = award/acquisition; F = tax withholding (share surrender).

Context

  • This was a routine RSU vesting with shares surrendered to cover tax withholding — a common administrative action that does not necessarily indicate a voluntary sale or change in sentiment.
  • For derivative transactions like vested RSUs, the award (A) is the issuance of shares; the withheld shares (F) represent payment of tax liabilities rather than an open-market sale.