Sanders Keith 4

What Happened Keith Sanders, Senior Vice President & Senior Trust Officer at First United Corp. (FUNC), surrendered 88 shares on 2026-02-25 at $35.42 per share (total value ~$3,117) to satisfy tax withholding obligations tied to the vesting of time-vesting restricted stock units. This was a share surrender to cover taxes (transaction code F), not an open-market sale indicating a change in investment stance.

Key Details

• Transaction date and price: 2026-02-25, 88 shares at $35.42 each (total ~$3,117).
• Transaction type: F — shares surrendered to satisfy tax withholding on vested RSUs.
• Origin of award: RSUs were granted on February 25, 2025; surrender permitted by the award agreement and approved by the Compensation Committee (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form 4 filed 2026-02-26 (the day after the transaction), consistent with routine timely reporting.

Context This was a routine tax-withholding share surrender associated with RSU vesting (often called a "surrender" or "sell-to-cover" for taxes). Such transactions are administrative and do not necessarily reflect the insider's view of the company—unlike open-market purchases, they mainly satisfy payroll/tax obligations.