First United revises LTIP RSU metrics, sets 2026 STIP cash award ranges for executives

FIRST UNITED CORP/MD/

LTIP performance-vesting RSUs now based on ROAE and TBVPSG vs. 103-bank peer group (assets $1B-$4.2B); 3-year period ending Dec 31, 2028.
CEO Jason B. Rush LTIP target award: 30% of base salary; 2/3 performance-vesting, 1/3 time-vesting.
2026 STIP: CEO cash award range $71,250 (threshold) to $213,750 (maximum); target $142,500.
STIP metrics: ROAA (40% weight), efficiency ratio (20%), avg delinquencies (20%), individual performance (20%).
STIP minimum trigger: net income must be at least 50% of 2026 goal or no payout.

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