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First United Executive Compensation (FY25)

FUNC · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Carissa Rodeheaver
Latest say-on-pay support
=
May 7, 2026
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Data as of October 22, 2026Latest filing (8-K): May 11, 2026
14 filings cited on this page
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187 figures on this page: 176 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
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 & CEO, 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 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Carissa Rodeheaver
Chairman, President & CEO
◇—◇—◇—◇◇
Robert Fisher
Senior Vice President, Chief Revenue Officer
◇—◇—◇—◇◇
Jason Rush
Senior Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Carissa Rodeheaver
Chairman, President & CEO
◇—◇—◇—◇◇
Robert Fisher
Senior Vice President, Chief Revenue Officer
◇—◇—◇—◇◇
Jason Rush
Senior Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Carissa Rodeheaver
Chairman, President & CEO
◇—◇—◇—◇◇
Jason Rush
Senior Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Robert Fisher
Senior Vice President, Chief Revenue Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Carissa Rodeheaver
Chairman, President & CEO
◇—◇—◇—◇◇
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Carissa RodeheaverPRSU◇——◇——◇
Carissa RodeheaverRSU◇——◇——◇
Jason RushRSU◇——◇——◇
Jason RushPRSU◇——◇——◇
Robert FisherRSU◇——◇——◇
Robert FisherPRSU◇——◇——◇
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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Carissa RodeheaverRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Jason RushPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Robert FisherPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
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
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
◇◇————◇
Carissa L. Rodeheaver and Jason B. Rush 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.
Earlier years 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.

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.

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.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 7, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2019June 11, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 18, 2017=◇◇◇
2015May 12, 2016=◇◇◇

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- Carissa Rodeheaver (Chairman, President & CEO), FY2025 total compensation $1,042,004 (base salary $503,244) [exec_comp, SEC accession 0001104659-26-034521, filed 2026-03-25]

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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
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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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
187 figures on this page: 176 cited to the filing that reported them, 11 calculated from figures it prints.
176 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-058654
    Proposal 3 – Approval, by non-binding advisory vote, of the compensation paid to the Corporation’s named executive officers for 2025: For Against Abstain Broker Non-Votes
  2. 0001104659-26-034521
  3. 0001104659-25-046558
    Proposal 2 – Adoption of advisory resolution approving the compensation paid to the Corporation’s named executive officers for 2024: For Against Abstain Broker Non-Votes
  4. 0001104659-25-028768
    Compensation of Named Executive Officers in 2024
  5. 0001104659-24-059959
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-035899
  7. 0001104659-23-060775
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-22-061049
  9. 0001104659-21-071274
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001104659-20-074107
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001144204-19-027769
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001144204-18-030085
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001144204-17-029313
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001144204-16-102243
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “First United executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FUNC (accessed 2026).
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The First United brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers First United discloses

The companies named in FUNC's own disclosed peer group.

ACNB Corp.Bank of James Financial Group Inc.C&F Financial Corp.CB Financial Services Inc.Chemung Financial Corp.Citizens & Northern Corp.Citizens Financial ServicesESSA Bancorp Inc.Evans Bancorp Inc.Fidelity D & D Bancorp Inc.First National Corp.Franklin Financial ServicesNational Bankshares Inc.Norwood Financial Corp.Old Point Financial Corp.Orange County Bancorp Inc.Pathfinder Bancorp Inc.Penns Woods Bancorp Inc.Peoples Bancorp of NC Inc.Union Bankshares Inc.Virginia National BkshsWestern New England Bancorp

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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