other material
confidence high
sentiment positive
materiality 0.60
First United Corp adopts share repurchase program for up to 600,000 shares (9.3% of outstanding)
FIRST UNITED CORP/MD/
- Board adopted stock repurchase program effective Aug 30, 2024; authorizes up to 600,000 shares.
- Represents 9.3% of issued and outstanding common stock as of that date.
- Program runs for 18 months; purchases discretionary and may be made in open market or privately.
- Chairman/President/CEO has discretion over timing, pricing, and amounts; subject to securities laws and blackout policy.
- Company may purchase no shares; actual purchases depend on opportunities, prices, volumes, and capital needs.