Tonya K. Sturm - Mar 10, 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 10, 2022
Transactions value $
$22,000
Form type
4
Date filed
3/11/2022, 03:24 PM
Previous filing
Mar 9, 2022
Next filing
Mar 2, 2023

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 $22K +1K +25.97% $22.00 4.85K Mar 10, 2022 Common Stock 1K 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.