FIRST UNITED CORP/MD/·4

Feb 20, 4:31 PM ET

Tasker Anthony James 4

Research Summary

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Updated

First United (FUNC) SVP/COO Anthony Tasker Sells Fractional Shares

What Happened

  • Anthony Tasker, Senior Vice President & COO of First United Corporation (FUNC), reported a sale of 0.846 shares on Feb 4, 2026. The shares were sold at $39.15 per share for proceeds of about $33. This was a sale (S) of a fractional share that occurred automatically in connection with the reporting person's inadvertent termination of participation in the company's Dividend Reinvestment and Stock Purchase Plan (DRSPP).

Key Details

  • Transaction date and price: Feb 4, 2026 — 0.846 shares at $39.15 per share (≈ $33).
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes: F1 — the fractional share was automatically sold due to inadvertent termination of DRSPP participation. F2 — the filing also notes the reporting person acquired 2 shares via the DRSPP since the last report.
  • Filing timeliness: Form 4 was filed Feb 20, 2026 (the transaction occurred Feb 4), which is later than the typical two-business-day filing window for insider trades.

Context

  • This was a routine plan-related automatic sale of a fractional share, not a large open-market divestiture. Such fractional-share sales tied to DRSPP changes are administrative and the proceeds here are minimal ($33), so they generally carry limited informational value about the insider’s view of the company. The filing also notes two shares were acquired through the DRSPP since the last report.