Sturm Tonya K. 4
4 · FIRST UNITED CORP/MD/ · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
First United (FUNC) CFO Tonya K. Sturm Receives Award
What Happened
Tonya K. Sturm, Executive Vice President & Chief Financial Officer of First United Corporation (FUNC), received a grant of 819 restricted stock units (RSUs) on March 6, 2026. The reported acquisition price is $0.00 (code A), meaning this was a compensation award rather than an open-market purchase. The filing shows no immediate cash value was paid for the RSUs; they represent the contingent right to receive shares in the future.
Key Details
- Transaction date: 2026-03-06; Filing date: 2026-03-10 (filed within the standard two-business-day window for Form 4s).
- Transaction type/code: Award/Grant (A).
- Amount: 819 RSUs; reported price $0.00; reported dollar value $0.
- Vesting: RSUs vest ratably over three years beginning March 6, 2027, only if the reporting person remains employed on each vesting date (footnote F1).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: F1 clarifies each RSU is the contingent right to one share and specifies the vesting schedule and employment condition.
Context
RSU grants are a common form of executive compensation and do not represent immediate share ownership or an immediate market buy/sell signal. The award may result in future share issuance or withholding at vesting, but until vesting occurs the RSUs are contingent and typically cannot be sold.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-06+819→ 11,556.999 total
- 5.5(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]The shares correspond to restricted stock units, each of which represents the contingent right to receive one share of common stock of First United Corporation ("RSUs"). The RSUs will vest ratably over three years beginning on March 6, 2027 if the reporting person is employed on each applicable vesting date.