Banking
First United Executive Compensation (FY25)
FUNC · Executive and director compensation, fiscal 2024 to 2025
Data as of September 7, 2026Latest filing (8-K): May 11, 2026
145 figures on this page: 134 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Carissa Rodeheaver, Chairman, President & Chief Executive Officer, received $1,042,004 in total compensation for fiscal 2025, and Rodeheaver's total was 27.5% higher than the $816,958 reported for fiscal 2024. The say-on-pay proposal drew 93.9% of votes cast including abstentions in favor at the meeting held May 7, 2026 for fiscal 2025. Separately, the disclosed peer group names ACNB Corp., Bank of James Financial Group Inc., C&F Financial Corp., CB Financial Services Inc. and Chemung Financial Corp., among others. For fiscal 2025, the company reported 3 named executive officers.
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Carissa Rodeheaver: $816,958 → $1,042,004 (27.5% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is First United's chief executive and what were they paid?
Carissa Rodeheaver, Chairman, President & Chief Executive Officer, received $1,042,004 in total compensation for fiscal 2025. Rodeheaver's total was 27.5% higher than the $816,958 reported for fiscal 2024.
What was First United's say-on-pay result?
The say-on-pay proposal drew 93.9% of votes cast including abstentions in favor at the meeting held May 7, 2026 for fiscal 2025.
Which companies are in First United's peer group?
The disclosed peer group names ACNB Corp., Bank of James Financial Group Inc., C&F Financial Corp., CB Financial Services Inc. and Chemung Financial Corp., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Carissa Rodeheaver Chairman, President & CEO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jason Rush Senior Vice President, Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Fisher Senior Vice President, Chief Revenue Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Carissa Rodeheaver Chairman, President & Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jason Rush Senior Vice President, Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Fisher Senior Vice President, Chief Revenue Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Carissa L. Rodeheaver | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Carissa L. Rodeheaver | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| R.L. Fisher | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Carissa Rodeheaver | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Jason Rush | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Brian R. Boal Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
I. Robert Rudy | ◇ | ◇ | — | — | — | — | ◇ |
Beth E. Moran | ◇ | ◇ | — | — | — | — | ◇ |
Kevin R. Hessler | ◇ | ◇ | — | — | — | — | ◇ |
Christy M. DiPietro | ◇ | ◇ | — | — | — | — | ◇ |
H. Andrew Walls, III | ◇ | ◇ | — | — | — | — | ◇ |
John F. Barr | ◇ | ◇ | — | — | — | — | ◇ |
Sanu B. Chadha | ◇ | ◇ | — | — | — | — | ◇ |
Patricia A. Milon | ◇ | ◇ | — | — | — | — | ◇ |
Jason B. Rush and Carissa L. Rodeheaver served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
| Board meeting fee | ◇ |
| Committee meeting fee | ◇ |
Equity is delivered as Common Stock (fully vested shares).
Stock ownership guideline: $100,000 in stock value for non-CEO directors
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- ACNB Corp. ACNB
- Bank of James Financial Group Inc. BOTJ
- C&F Financial Corp. CFFI
- CB Financial Services Inc. CBFV
- Chemung Financial Corp. CHMG
- Citizens & Northern Corp. CZNC
- Citizens Financial Services CZFS
- ESSA Bancorp Inc. ESSA
- Evans Bancorp Inc. EVBN
- Fidelity D & D Bancorp Inc. FDBC
- First National Corp. FXNC
- Franklin Financial Services FRAF
- National Bankshares Inc. NKSH
- Norwood Financial Corp. NWFL
- Old Point Financial Corp. OPOF
- Orange County Bancorp Inc. OBT
- Pathfinder Bancorp Inc. PBHC
- Penns Woods Bancorp Inc. PWOD
- Peoples Bancorp of NC Inc. PEBK
- Union Bankshares Inc. AUB
- Virginia National Bkshs VABK
- Western New England Bancorp WNEB
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 7, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 7, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 9, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 11, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 12, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 20, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 11, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 16, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 17, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 18, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 12, 2016 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact First United disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where First United sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
145 figures on this page: 134 cited to the filing that reported them, 11 calculated from figures it prints.
134 cited to the filing
11 calculated from the filing
Documents cited
- 0001104659-26-058654
- 0001104659-26-034521Compensation of Named Executive Officers in 2025 · DIRECTOR COMPENSATION · Director Compensation · Outstanding Equity Awards at Fiscal Year End
- 0001104659-25-046558Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-25-028768Compensation of Named Executive Officers in 2024
- 0001104659-24-059959Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-23-060775Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-22-061049
- 0001104659-21-071274Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-20-074107Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001144204-19-027769Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001144204-18-030085Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001144204-17-029313Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001144204-16-102243Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “First United executive compensation, FY2024–FY2025.” https://intel.velarion.ai/comp/FUNC (accessed 2026).
Short form: data: Velarion
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Peers First United discloses
The companies named in FUNC's own disclosed peer group.
ACNB Corp.C&F Financial Corp.CB Financial Services Inc.Chemung Financial Corp.Citizens & Northern Corp.Citizens Financial ServicesFidelity D & D Bancorp Inc.Franklin Financial ServicesNational Bankshares Inc.Norwood Financial Corp.Orange County Bancorp Inc.Pathfinder Bancorp Inc.Peoples Bancorp of NC Inc.Union Bankshares Inc.Virginia National BkshsWestern New England Bancorp
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}