Peterson Julie W 4
4 · FIRST UNITED CORP/MD/ · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
First United (FUNC) SVP Julie Peterson Receives RSU Award
What Happened
Julie W. Peterson, SVP & Chief Credit Officer of First United Corporation (FUNC), received a grant of 651 restricted stock units (RSUs) reported on a Form 4 dated 2026-03-10 for a transaction dated 2026-03-06. The RSUs are listed at $0.00 (code A — award/grant), meaning no cash purchase was made now; the award represents the contingent right to receive one share per RSU upon vesting.
Key Details
- Transaction date: 2026-03-06; Form 4 filed: 2026-03-10.
- Transaction type/code: Award/Grant (A). Shares/units: 651; reported price: $0.00.
- Shares owned after transaction: not specified in the provided filing extract.
- Footnote: RSUs vest ratably over three years beginning March 6, 2027, only if Peterson remains employed on each vesting date.
- No late-filing flag was indicated in the information provided.
Context
RSUs are a form of equity compensation that convert to actual shares only when they vest; they do not reflect an immediate open-market purchase or sale. Such grants are common as part of executive compensation and are not, by themselves, a definitive bullish or bearish signal about the insider’s view of the stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-06+651→ 1,603.241 total
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.