Andrea E. Colender - 31 Oct 2021 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP/Chief Legal Officer
Signature
/s/ Edward C. Allen/POA
Issuer symbol
SHBI
Transactions as of
31 Oct 2021
Net transactions value
$0
Form type
4
Filing time
02 Nov 2021, 17:19:45 UTC
Next filing
05 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Award +24,921 24,921 31 Oct 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 40,151 shares of Severn Bancorp, Inc.("SVBI") common stock in connection with the merger of SVBI into the Issuer (the "Merger"). On the effective date of the Merger, the closing price of SVBI's common stock was $13.63 per share, and the closing price of the Issuer's common stock was $18.48 per share.