Sturm Tonya K. 4
4 · FIRST UNITED CORP/MD/ · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
FIRST UNITED (FUNC) CFO Tonya Sturm Surrenders 89 Shares for Taxes
What Happened
Tonya K. Sturm, EVP & Chief Financial Officer of First United Corp (FUNC), surrendered 89 shares on 2026-02-25 at $35.42 per share (total value $3,152). The shares were disposed to satisfy tax withholding obligations tied to the vesting of time-based restricted stock units (RSUs).
Key Details
- Transaction date: 2026-02-25; Price: $35.42; Total value: $3,152.
- Transaction code: F (shares surrendered to cover tax withholding).
- Footnote: The shares were surrendered to the issuer to satisfy tax withholding for RSUs granted on 2025-02-25, as permitted by the award agreement and approved by the Compensation Committee (see F1).
- Shares owned after the transaction: not specified in the excerpt provided.
- Filing date: 2026-02-26 — appears timely (filed one day after the transaction).
Context
This was an administrative tax-withholding transaction related to vested RSUs, not an open-market sale or a new purchase. Such surrenders are routine and typically reflect tax obligations rather than a change in the insider’s view on the company.
Insider Transaction Report
Form 4
Sturm Tonya K.
EVP & CFO
Transactions
- Tax Payment
Common Stock
[F1]2026-02-25$35.42/sh−89$3,152→ 10,737.999 total
Holdings
- 5.5(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of time-vesting restricted stock units that were granted on February 25, 2025 as permitted by the related award agreement and approved by the issuer's Compensation Committee.
Signature
/s/ Tonya K. Sturm|2026-02-25