FIRST UNITED CORP/MD/·4

Mar 18, 11:02 AM ET

Rush Jason Barry 4

Research Summary

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First United (FUNC) CEO Jason Rush Receives 502-Share Award

What Happened

  • Jason B. Rush, President & CEO of First United Corp (FUNC), was issued 502 shares on March 16, 2026. The shares were issued at $0.00 as the settlement of time-vesting restricted stock units (RSUs) and reported on a Form 4 filed March 18, 2026. This is an award/issuance (code A), not an open-market purchase or sale.

Key Details

  • Transaction date: 2026-03-16; Filing date: 2026-03-18 (Form 4).
  • Transaction type/code: Award/Grant (A) — 502 shares issued at $0.00; reported total value $0.00 on the Form 4.
  • Shares owned following the transaction: Not stated in the information provided in your request.
  • Footnote: Shares were issued pursuant to time-vesting RSUs granted on March 15, 2023.
  • Timeliness: Filed within two days of the transaction date per the provided dates (no late filing indicated).

Context

  • These shares represent the vesting/settlement of previously granted, time-vesting RSUs (a common form of executive compensation). This is a compensation-related issuance rather than a market buy or sell; such awards align executive pay with company performance and retention but do not by themselves indicate an insider buying or selling in the open market.