Fisher Robert L. II 4

What Happened

• Robert L. Fisher II, EVP & Chief Lending Officer of First United Corp. (FUNC), had 526 restricted stock units (RSUs) vest on March 16, 2026 and was issued 526 shares (reported as acquired at $0.00). Simultaneously, 178 of those shares were surrendered to the company to satisfy tax withholding obligations at $35.99 per share (178 x $35.99 = $6,406). The 526 vested shares are worth about $18,930.74 at the $35.99 per-share price used for the withholding.

Key Details

• Transaction dates: March 16, 2026; Form 4 filed March 18, 2026 (appears timely within the two-business-day window).
• Award/vesting: 526 RSU shares issued (acquisition code A) — RSUs were originally granted March 15, 2023 (footnote).
• Tax withholding: 178 shares surrendered/retired to cover taxes (disposition code F) at $35.99/share, total withheld ~$6,406.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — shares issued pursuant to time-vesting RSUs granted 3/15/2023; F2 — share surrender authorized by award agreement and approved by the Compensation Committee.

Context

• This was an RSU vesting and internal tax-withholding action, not an open-market sale — surrendering shares to cover taxes is a common administrative step and does not by itself signal a change in insider sentiment.
• No option exercise or public sale occurred; the transaction converted previously granted RSUs into shares, with a portion withheld for taxes.