{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-069679","form_type":"8-K","ticker":"FUNC","cik":"0000763907","company_name":"FIRST UNITED CORP/MD/","filed_at":"2024-06-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.925163+00:00","generated_at":"2026-06-01T05:45:07.507028+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"First United Corp sets 2024/2025 ROAE-based cash bonus targets for five executives","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-069679","json":"https://secwatch.observer/filing/0001104659-24-069679.json","markdown":"https://secwatch.observer/filing/0001104659-24-069679.md","text":"https://secwatch.observer/filing/0001104659-24-069679.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763907/000110465924069679/0001104659-24-069679-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763907/000110465924069679/tm2416659d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T05:45:07.507028+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"}