Short answer
FIRST UNITED CORP/MD/ (FUNC) filed an 8-K current report with the SEC on March 12, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Jason B. Rush: 2026 STIP target $142,500, range $71,250–$213,750.
FIRST UNITED CORP/MD/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Jason B. Rush: 2026 STIP target $142,500, range $71,250–$213,750
- CFO Tonya K. Sturm: target $73,593, range $36,796–$110,389
- NEO Robert L. Fisher II: target $78,693, range $39,347–$118,040
- Performance metrics: return on average assets, efficiency ratio, delinquencies as % of total loans, plus individual goals
- Awards earned in 2026, paid in 2027; goals intended for use in future years as well
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