Keith R. Sanders - 27 May 2021 Form 4 Insider Report for FIRST UNITED CORP/MD/ (FUNC)

Role
SVP & Sr. Trust Officer
Signature
/s/ Keith R. Sanders
Issuer symbol
FUNC
Transactions as of
27 May 2021
Net transactions value
+$18,636
Form type
4
Filing time
28 May 2021, 07:22:28 UTC
Previous filing
07 May 2021
Next filing
10 Mar 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FUNC Phantom Stock Award $18,636 +1,000 +67% $18.64 2,500 27 May 2021 Common Stock 1,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock represents the right to receive one share of First United Corporation common stock or the cash value thereof.
F2 Shares of phantom stock are payable in cash or shares of common stock of First United Corporation following the reporting person's separation from service with First United Corporation. The phantom stock account is maintained under a deferred compensation plan, and the reporting person may transfer that account into an alternative account at any time.