1 unchanged sentence
Shares of the Corporation’s common stock are listed on the NASDAQ Global Select Market under the symbol “FUNC”.
−Removed: As of February 29, 2024, thres issued and outstanding shares of Common Stock were held by 1,315 shareholders of record.
+Added: As of February 28, 2025, issued and outstanding shares of Common Stock were held by 1,272 shareholders of record.
The ability of the Corporation to declare dividends is limited by federal banking laws and Maryland corporation laws.
5 unchanged sentences
Accordingly, there can be no assurance that dividends will be declared on the shares of common stock in any future fiscal quarter.
−Removed: The Corporation’s Board of Directors periodically evaluates the Corporation’s dividend policy, both internally and in consultation with the Federal Reserve.
+Added: The Corporation’s Board of Directors periodically evaluates the Corporation’s dividend policy, both internally and in consultation with the FRB.
Issuer Repurchases
−Removed: Pursuant to the SEC’s Regulation S-K Compliance and Disclosure Interpretation 106.01, the information required by this Item pursuant to Item 201(d) of Regulation S-K relating to securities authorized for issuance under the Corporation’s equity compensation plans is located in Item 12 of Part III of this annual report and is incorporated herein by reference.
−Removed: Issuer Purchases of Equity Securities
−Removed: Total Number of Shares (or Units) Purchased (1)
−Removed: Average Price Paid per Share (or Unit)
−Removed: Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs
−Removed: Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs
−Removed: November 2023
−Removed: December 2023
−Removed: (1) All shares were purchased in open-market transactions pursuant to First United Corporation's stock repurchase plan that was initially adopted effective August 18, 2023.
−Removed: The plan authorized the repurchase of up to 825,000 shares of common stock of First United Corporation.
−Removed: The plan authorizes the repurchases to be conducted through open market or private transactions at such times and in such amounts per transaction as the Chairman and Chief Executive Officer of First United Corporation determines to be appropriate.
+Added: Neither First United Corporation nor any of its affiliated purchasers (as defined in Rule 10b-18 promulgated under the Exchange Act) purchased any shares of Common Stock during the three-month period ended December 31, 2024.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.