---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-093709"
form_type: "8-K"
ticker: "FUNC"
cik: "0000763907"
company_name: "FIRST UNITED CORP/MD/"
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:38:56.439126+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First United authorizes repurchase of up to 825,000 shares (5% of common stock)

## Summary
- Board approved a 12-month stock repurchase program on August 21, 2023 for up to 825,000 shares (5.0% of outstanding).
- Purchases may occur in open market or privately-negotiated transactions at management's discretion.
- Repurchases subject to securities laws, Rule 10b-18, and company blackout policy; no obligation to buy any shares.
- Program effective immediately; any purchases will be disclosed in periodic SEC filings.

## SEC filing metadata
- accession: 0001104659-23-093709
- form_type: 8-K
- ticker: FUNC
- cik: 0000763907
- company_name: FIRST UNITED CORP/MD/
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763907/000110465923093709/0001104659-23-093709-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763907/000110465923093709/tm2324203d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-093709
- JSON: https://secwatch.observer/filing/0001104659-23-093709.json
- Plain text: https://secwatch.observer/filing/0001104659-23-093709.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.