FUNC First United Corp/MD/ - 8-K

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c)       Appointment
of Officer.

On May 27, 2026, the Board of Directors (the “Board”)
of First United Corporation (the “Corporation”) appointed Jason B. Rush, age 55, to serve as the Chairman of the Board. Mr.
Rush was elected to the Board by the Corporation’s shareholders at the 2026 annual meeting of shareholders held on May 7, 2026.
Mr. Rush also serves as the Corporation’s President and Chief Executive Officer, positions to which he was appointed effective January
1, 2026.

Between January 2017 and December 31, 2025, Mr.
Rush served as Senior Vice President and Chief Operating Officer of the Corporation and the Bank. Prior to that service, he was Senior
Vice President and Chief Risk Officer and Director of Operations and Support from 2006 to 2017. Mr. Rush has been employed by the First
United organization since October 1993, including as Vice President, Director of Operations & Support since March 2006, Vice President
and Regional Manager/Community Office Manager from January 2005 to February 2006, Vice President and Community Office Manager/Manager
of Cash Management from May 2004 to December 2004, Assistant Vice President and Community Office Manager from April 2001 to April 2004,
Community Office Manager from August 1998 to April 2001, Customer Service Officer from March 1997 to July 1998, Assistant Compliance Officer
from July 1995 to February 1997, and Management Trainee from October 1993 to July 1995.

Mr. Rush’s compensatory arrangements are
discussed in the section of the Corporation’s definitive proxy statement on Schedule 14A for the 2026 annual meeting of shareholders,
filed with the Securities and Exchange Commission on March 26, 2025, under the heading, “EXECUTIVE COMPENSTION”, the portions
of which that relate solely to Mr. Rush are incorporated herein by reference.

Since the beginning of the Corporation’s
fiscal year ended December 31, 2024, neither the Corporation nor any of its subsidiaries has engaged in any transaction with Mr. Rush
or any of his affiliates for which disclosure would be required pursuant to Item 404(a) of Regulation S-K, and no such transaction is
currently proposed for the remainder of the fiscal year ending December 31, 2026.

Item 9.01.

Financial Statements and Exhibits.

(d)       Exhibits.

The exhibits filed or furnished with this report
are listed in the following Exhibit Index:

Exhibit No.

Description

104

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