Robert L. Fisher II - 13 Mar 2024 Form 4 Insider Report for FIRST UNITED CORP/MD/ (FUNC)

Role
Chief Revenue Officer
Signature
/s/ Robert L. Fisher, II
Issuer symbol
FUNC
Transactions as of
13 Mar 2024
Net transactions value
-$4,426
Form type
4
Filing time
15 Mar 2024, 16:58:44 UTC
Previous filing
13 Mar 2024
Next filing
08 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUNC Common Stock Disposed to Issuer $0 -1,521 -13% $0.000000 10,610 13 Mar 2024 Direct F1
transaction FUNC Common Stock Award $0 +526 +5% $0.000000 11,136 15 Mar 2024 Direct F2
transaction FUNC Common Stock Tax liability $4,426 -202 -1.8% $21.91 10,934 15 Mar 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 7, 2021, the reporting person reported the acquisition of the shares pursuant to the grant of performance-vesting restricted stock units ("RSUs"). On March 13, 2024, the issuer determined that the RSUs failed to vest.
F2 The shares were issued pursuant to time-vesting RSUs granted on March 15, 2023.
F3 The shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of the time-vesting RSUs that were granted on March 15, 2023 as permitted by the related award agreement and approved by the issuer's Compensation Committee.