secwatch.observer — SEC 8-K summary
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Issuer:     FIRST UNITED CORP/MD/ (FUNC)
CIK:        0000763907
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001104659-25-019804
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First United Corp sets 2025 STIP targets; CEO target $193,200
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- Carissa L. Rodeheaver (CEO) target payout $193,200; maximum $289,800 under revised 2025 STIP.
- Tonya K. Sturm (CFO) target $73,593; maximum $110,389.
- Robert L. Fisher, II target $78,693; maximum $118,040; Jason B. Rush target $81,113; maximum $121,669.
- Performance metrics: ROAA, efficiency ratio, average delinquencies, and individual goals (CEO: corporate net income).
- Minimum performance trigger: net income must reach 50% of goal for plan to pay out (specific $ redacted).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763907/000110465925019804/0001104659-25-019804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763907/000110465925019804/tm258084d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-019804

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer