Sturm Tonya K. 4

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.