Charles E. Ruch Jr. - Jul 1, 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
Officer
Signature
/s/Charles Ruch
Stock symbol
SHBI
Transactions as of
Jul 1, 2023
Transactions value $
$0
Form type
4
Date filed
7/5/2023, 06:49 PM
Previous filing
Feb 23, 2022
Next filing
Mar 8, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SHBI Restricted Stock Units Award $0 +2.16K $0.00 2.16K Jul 1, 2023 Common Stock 2.16K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F2 The restricted stock units vest in two equal annual instalments beginning July 1, 2024.

Remarks:

Executive Vice President & Chief Credit Officer Shore Bancshares, Inc. and Shore United Bank. Exhibit List: Exhibit 24 - Power of Attorney