{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-027140","form_type":"8-K","ticker":"FUNC","cik":"0000763907","company_name":"FIRST UNITED CORP/MD/","filed_at":"2026-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.661082+00:00","generated_at":"2026-05-15T14:29:04.016557+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 revises LTIP RSU metrics, sets 2026 STIP cash award ranges for executives","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-027140","json":"https://secwatch.observer/filing/0001104659-26-027140.json","markdown":"https://secwatch.observer/filing/0001104659-26-027140.md","text":"https://secwatch.observer/filing/0001104659-26-027140.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763907/000110465926027140/0001104659-26-027140-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763907/000110465926027140/tm268693d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T14:29:04.016557+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"}