Tonya K. Sturm - Mar 9, 2022 Form 4 Insider Report for FIRST UNITED CORP/MD/ (FUNC)

Role
SVP & CFO
Signature
/s/ Tonya K. Sturm
Stock symbol
FUNC
Transactions as of
Mar 9, 2022
Transactions value $
$0
Form type
4
Date filed
3/9/2022, 04:30 PM
Previous filing
May 7, 2021
Next filing
Mar 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUNC Common Stock Award $0 +746 +11.45% $0.00 7.26K Mar 9, 2022 Direct F1, F2
holding FUNC Common Stock 4.83 Mar 9, 2022 By 401(k) plan F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were issued pursuant to performance-vesting restricted stock units ("RSUs") that were granted on March 26, 2020 and vested at the maximum award level on March 9, 2022. The RSUs were previously reported in a Form 4 filed on March 30, 2020 (the "Prior Form 4"). The amount reported in Table I of the Prior Form 4 reflected the shares that could be issued under the RSUs at the target award level. The amount reported in this Form 4 represents the difference between the shares earned by the reporting person at the maximum award level (as disclosed in footnote 2 to the Prior Form 4) and the target shares that were reported in Table I of the Prior Form 4.
F2 The amount includes 20.1625 shares acquired with cash dividends pursuant to the First United Corporation Dividend Reinvestment and Direct Purchase Plan for which the reporting person does not have acquisition information. The amount also reflects a prior rounding error (overstatement of 0.006 shares).
F3 The reporting person does not have acquisition information for the shares held in her 401(k) plan account and is reporting these shares for the first time herein.