{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-064719","form_type":"8-K","ticker":"FUNC","cik":"0000763907","company_name":"FIRST UNITED CORP/MD/","filed_at":"2024-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.924958+00:00","generated_at":"2026-06-01T09:28:08.635036+00:00","sec_items":["5.02","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"First United revises LTIP performance RSUs; uses peer-relative ROAE and TBVPSG goals","bullets":["Compensation Committee approved new Appendix A to LTIP on May 20, 2024, for 2024-2026 performance period.","Performance goals: ROAE and TBVPSG vs. a custom peer group of 123 banks with assets $750M-$4B.","Payout rates: threshold (25th percentile) 25%, target (50th) 50%, maximum (75th) 75% of award.","CEO: 30% of base salary award (2/3 performance, 1/3 time-vesting); Tier I execs (CFO, COO, CRO, CWO): 20% (1/2 each).","Time awards vest ratably over 3 years; performance awards vest in 2027 after committee certification."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-064719","json":"https://secwatch.observer/filing/0001104659-24-064719.json","markdown":"https://secwatch.observer/filing/0001104659-24-064719.md","text":"https://secwatch.observer/filing/0001104659-24-064719.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763907/000110465924064719/0001104659-24-064719-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763907/000110465924064719/tm2415472d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T09:28:08.635036+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}