Key facts
- This page summarizes Brian Scot Ebron's Form 4 filing for SHORE BANCSHARES INC (SHBI).
- 6 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 05 Jul 2023, 21:27.
Brian Scot Ebron - 01 Jul 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)
- Reporting relationship
- Chief Banking Officer
- Issuer ticker
- SHBI
- Reported as of
- 01 Jul 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 05 Jul 2023, 21:27:50 UTC
- Prior SEC filing
- 08 Mar 2023
- Next SEC filing
- 22 Aug 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Christy Lombardi, Attorney in Fact for Brian Scot Ebron
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Brian Scot Ebron filed Form 4 for SHORE BANCSHARES INC (SHBI) on 05 Jul 2023.
Change
- Previous filing in this sequence was filed on 08 Mar 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SHBI
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +12,276
- Change %
- Price
- $0.000000
- Shares after
- 12,276
- Date
- 01 Jul 2023
- Ownership
- Direct
- Footnotes
- F1, F2
SHBI
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +379
- Change %
- Price
- $0.000000
- Shares after
- 379
- Date
- 01 Jul 2023
- Ownership
- By TCFC ESOP
- Footnotes
- F2, F3
SHBI
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +36,148
- Change %
- Price
- $0.000000
- Shares after
- 36,148
- Date
- 01 Jul 2023
- Ownership
- By IRA
- Footnotes
- F2, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SHBI
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +3,124
- Change %
- Price
- $0.000000
- Shares after
- 3,124
- Date
- 01 Jul 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,124
- Exercise price
- Footnotes
- F5, F6
SHBI
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +2,699
- Change %
- +86%
- Price
- $0.000000
- Shares after
- 5,823
- Date
- 01 Jul 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,699
- Exercise price
- Footnotes
- F5, F7, F8
SHBI
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +2,990
- Change %
- +51%
- Price
- $0.000000
- Shares after
- 8,813
- Date
- 01 Jul 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,990
- Exercise price
- Footnotes
- F5, F9, F10
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 10 footnotes
Footnote F1
On July 1, 2023, the company formerly known as The Community Financial Corporation ("TCFC") merged with and into Shore Bancshares Inc. (the "Issuer"). The indicated shares were received in exchange for 5,272 shares of TCFC (plus shares that were transferred from the TCFC DRIP shares) in connection with merger.
Footnote F2
At the effective time of the merger, each share of TCFC common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 2.3287 of a share of the Issuer's common stock, with fractional shares settled in cash, pursuant to the Agreement and Plan of Merger, dated December 14, 2022, by and between TCFC and the Issuer (the "Agreement").
Footnote F3
The indicated shares were received in exchange for 163 shares of TCFC in connection with merger.
Footnote F4
The indicated shares were received in exchange for 15,523 shares of TCFC in connection with merger.
Footnote F5
Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
Footnote F6
The restricted stock units vest in two equal annual instalments beginning July 1, 2024.
Footnote F7
The restricted stock units vest as follows: 447 units on August 20, 2023, 389 units on December 17, 2023, 428 units on February 4, 2024, 272 units on February 10, 2024, 271 units on February 10, 2025, and 297 units on each of March 6, 2024, March 6, 2025 and 298 units on March 6, 2026.
Footnote F8
At the effective time of the merger, each restricted stock unit representing shares of TCFC common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 2.3287 restricted stock units representing shares of the Issuer's common stock, with fractional shares rounded to the nearest whole number, pursuant to the Agreement.
Footnote F9
The restricted stock units vest as follows: 1,281 on December 31, 2023, 815 on December 31, 2024, and 894 on December 31, 2025.
Footnote F10
At the effective time of the merger, each performance based restricted stock unit representing shares of TCFC common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 2.3287 restricted stock units representing shares of the Issuer's common stock, with fractional shares rounded to the nearest whole number, pursuant to the Agreement.