FIRST UNITED CORP/MD/ — Director's Dealing 2023

Mar 10, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST UNITED CORP/MD/ (FUNC)
CIK: 0000763907
Period of Report: 2023-03-08

Reporting Person: Rush Jason Barry (SVP & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-08	Common Stock	A	830	—	Acquired	20173.5225	Direct
2023-03-09	Common Stock	A	392	—	Acquired	20565.5225	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 8, 2023. 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, or 1,659 shares. 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 4 to the Prior Form 4) and the target shares that were reported in Table I of the Prior Form 4.

F2: The shares were issued pursuant to time-vesting RSUs granted on March 9, 2022 relating to 1,176 shares of common stock that vest ratably over three years if the reporting person is employed on each applicable vesting date.