EX-99.2 3 tm206984d1_ex99-2.htm EXHIBIT 99.2

 

Exhibit 99.2

 

The following table sets forth information as of January 31, 2020 relating to the beneficial ownership of the common stock, par value $.01 per share, of First United Corporation (the “Company”) by each of its directors, director nominees and executive officers and each other person who may be deemed to be a “participant” in the solicitation of proxies by or on behalf of the Company’s Board of Directors.

 

 

Name of Beneficial Owner

 Shares
Beneficially
Owned(1)
    Percentage
of Shares
Beneficially
Owned
John F. Barr, Director 18,093     *
Brian R. Boal, Director 8,337     *
M. Kathryn Burkey, Director 42,775     *
Robert L. Fisher, II, Senior Vice President & Chief Revenue Officer 4,963 (2)   *
Robert W. Kurtz, Director 10,521 (3)   *
John W. McCullough, Director 35,548     *
Elaine L. McDonald, Director 36,421 (4)   *
Carissa L. Rodeheaver, Chairman of the Board, President & CEO 15,319 (5)   *
Gary R. Ruddell, Director 17,315 (6)   *
I. Robert Rudy, Director 40,184 (7)   *
Jason B. Rush, Senior Vice President & Chief Operating Officer 11,023 (8)   *
Keith R. Sanders, Senior Vice President & Senior Trust Officer of First United Bank & Trust

 

6,462

 

 

 

 

*

Marisa A. Shockley, Director 16,123     *
Tonya K. Sturm, Senior Vice President, CFO, Treasurer & Secretary 1,875 (9)   *
H. Andrew Walls, Director 57,106 (10)   *

 

Notes:

*Less than 1.0%.
(1)Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission. In computing the number and percentage of shares of the Corporation’s common stock beneficially owned by a person, shares of the Company’s common stock subject to outstanding options, warrants, rights or conversion privileges held by that person that are currently exercisable or exercisable within 60 days of January 31, 2020 are deemed outstanding for computing the percentage ownership of the person holding such options, warrants, rights or conversion privileges but are not deemed to be outstanding for purposes of computing the percentage for any other person. As of January 31, 2020, a total of 7,110,022 shares of the Company’s common stock were issued and outstanding. The inclusion of any shares as deemed beneficially owned does not constitute an admission of beneficial ownership by the named shareholder.
(2)Includes 1,793 shares of Phantom Stock. Phantom stock held in a deferred compensation plan account (“Phantom Stock”). Each share of Phantom Stock represents a deemed investment of deferred compensation funds in one share of common stock and gives the officer the right to receive one share of common stock or the cash value thereof following the officer’s separation from service with the Company. The officer may transfer the funds held in the plan account into an alternative deemed investment option at any time.
(3)Includes 3,027 shares owned jointly with spouse.
(4)Includes 6,001 shares held in trust of which Mrs. McDonald is a beneficiary.
(5)Includes 283 shares held jointly with spouse, 19 shares held by spouse for benefit of a minor child, and 790 shares held in a 401(k) plan account.
(6)Includes 520 shares owned by Ruddell, LLC of which Mr. Ruddell is owner.
(7)Includes 1,033 shares owned jointly with spouse, 6,837 shares owned by spouse, and 2,000 shares of Phantom Stock in a deferred compensation plan account.
(8)Includes 125 shares owned jointly with spouse.
(9)Includes 526 shares owned jointly with spouse. Includes 1,000 shares of Phantom Stock.
(10)Includes 14,854 shares owned by Morgantown Printing and Binding, Inc. of which Mr. Walls is owner.