First United (FUNC) EVP Keith Sanders Receives 735 RSU Award

What Happened Keith Sanders, EVP & Chief Wealth Officer of First United Corporation (FUNC), was awarded 735 restricted stock units (RSUs) on March 6, 2026. The RSUs were reported at a $0.00 acquisition price (typical for awards) and represent the contingent right to receive one share of common stock per RSU if vesting conditions are met.

Key Details

• Transaction date: 2026-03-06; type: Award/Grant (code A) — 735 RSUs acquired at $0.00.
• Filing date: 2026-03-10 (reported four days after the grant — beyond the standard 2-business-day Form 4 window).
• Shares owned after transaction: not specified in the summary of this filing.
• Footnote: RSUs vest ratably over three years beginning March 6, 2027, only if the reporting person is employed on each applicable vesting date.
• No sale or purchase of shares occurred — this is an equity award, not an open-market trade.

Context RSU grants are a form of compensation and do not involve an immediate cash outlay or sale of shares. Because these awards vest over time and are contingent on continued employment, they don't necessarily signal near-term insider buying or selling activity. The later filing date may be a reporting delay; investors should watch for future Form 4 entries showing actual stock delivery or tax-withholding-related share transfers when the RSUs vest.