FIRST UNITED CORP/MD/ — Director's Dealing 2022

Mar 10, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST UNITED CORP/MD/ (FUNC)
CIK: 0000763907
Period of Report: 2022-03-09

Reporting Person: Fisher Robert L. II (SVP & Chief Revenue Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-09	Common Stock	A	1056	—	Acquired	11744	Direct
2022-03-09	Common Stock	F	1150	$21.88	Disposed	10594	Direct

Footnotes

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 shares were surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of the RSUs as permitted by the related award agreement and approved by the issuer's Compensation Committee.