Sanders Keith 4
4 · FIRST UNITED CORP/MD/ · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
First United (FUNC) EVP Keith Sanders Receives RSU Award
What Happened
- Keith Sanders, EVP & Chief Wealth Officer of First United Corp (FUNC), had 420 restricted stock units (RSUs vest) on 2026-03-16 (treated as an acquisition at $0.00 per share).
- To satisfy tax withholding on the vested RSUs, 141 shares were surrendered/disposed at $35.99 per share for a total withholding amount of $5,075.
- Net shares retained from the vesting: 420 acquired − 141 withheld = 279 shares.
Key Details
- Transaction date: 2026-03-16 (filed on 2026-03-18; filing appears timely under Form 4 rules).
- Acquisition: 420 shares @ $0.00 (award/vesting, code A). Tax withholding: 141 shares @ $35.99 (code F), total $5,075.
- Shares owned after transaction: not stated in the filing.
- Footnotes: F1 — shares issued pursuant to time-vesting RSUs granted Mar 15, 2023. F2 — 141 shares surrendered to satisfy tax withholding per the award agreement and Compensation Committee approval.
- Transaction codes: A = award/acquisition on vesting; F = shares surrendered for tax withholding (not an open-market sale).
Context
- This is a routine tax-withholding disposition tied to RSU vesting (common practice). It is not an open-market sale and does not, by itself, indicate insider sentiment about the stock.
Insider Transaction Report
Form 4
Sanders Keith
EVP & Chief Wealth Officer
Transactions
- Award
Common Stock
[F1]2026-03-16+420→ 15,602.82 total - Tax Payment
Common Stock
[F2]2026-03-16$35.99/sh−141$5,075→ 15,461.82 total
Footnotes (2)
- [F1]The shares were issued pursuant to time-vesting restricted stock units ("RSUs") that were granted on March 15, 2023.
- [F2]The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of the RSUs as permitted by the related award agreement and approved by the issuer's Compensation Committee.
Signature
/s/ Keith R. Sanders|2026-03-17