First United Corp sets 2024/2025 ROAE-based cash bonus targets for five executives

FIRST UNITED CORP/MD/

Comp Committee on June 7, 2024 approved cash incentive awards for NEOs based on 3-year ROAE vs a peer group of 123 banks.
2024 ROAE Awards payable by March 2025; threshold 50% / target 100% of award amount based on base salary as of Dec 31, 2021.
2025 ROAE Awards payable by March 2026; threshold 50% / target 100% / max 150% based on base salary as of Dec 31, 2022.
CEO Carissa Rodeheaver eligible for target bonuses of $81,299 (2024) and $83,738 (2025); max $125,607 in 2025.
Payouts reduced dollar-for-dollar by fair value of performance-vesting RSUs granted in March 2022 and March 2023.

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