FIRST UNITED CORP/MD/ — Director's Dealing 2021

Dec 21, 2021

SEC Form 4/A — Form 4/A

Issuer: FIRST UNITED CORP/MD/ (FUNC)
CIK: 0000763907
Period of Report: 2020-03-26

Reporting Person: Rush Jason Barry (SVP & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-26	Common Stock	A	1581	—	Acquired	12625.3026	Direct
2020-03-26	Common Stock	A	829	—	Acquired	13454.3026	Direct
2020-03-26	Common Stock	A	1659	—	Acquired	15113.3026	Direct

Footnotes

F1: The shares correspond to restricted stock units each of which represents the contingent right to receive one share of common stock of First United Corporation ("RSUs").

F2: The RSUs will vest on March 15, 2022 if certain performance goas are satisfied for the three-year period ending December 31, 2021 and the reporting person is employed on such date. The number of shares reported reflects the target number of shares that could be issued under the RSUs, assuming that at least one of the performance objectives is met at the "target" level. If the performance objectives are met at the "threshold" level, then the number of shares for which the RSUs will be settled will be 790. If the performance objectives are met at the "maximum" level, then the number of shares for which the RSUs will be settled will be 2,372. Actual vesting amounts will be pro-rated between threshold and target levels and target and maximum levels to reward incremental improvement.

F3: The RSUs will vest ratably over three years beginning on March 26, 2021 if the reporting person is employed on each applicable vesting date.

F4: The shares correspond to performance-vesting RSUs granted to the reporting person. The RSUs will vest on March 15, 2023 if certain performance goas are satisfied for the three-year performance period ending on December 31, 2022 and the reporting person remains employed on such date. The number of shares reported reflects the target number of shares that could be issued under the RSUs, assuming that at least one of the performance objectives is met at the "target" level. If the performance objectives are met at the "threshold" level, then the number of shares for which the RSUs will be settled is 829. If the performance objectives are met at the "maximum" level, then the number of shares for which the RSUs will be settled is 2,489. Actual vesting amounts will be pro-rated between threshold and target levels and target and maximum levels to reward incremental improvement.

F5: The original Form 4 is being amended hereby to correct the numbers of shares reported in Column 4 and Column 5 of Table I, which were both inadvertently understated by 96 shares.