Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SHBI | Common Stock | Award | $0 | +62.3K | $0.00 | 62.3K | Jul 1, 2023 | Direct | F1, F2 |
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 | +692 | $0.00 | 692 | Jul 1, 2023 | Common Stock | 692 | Direct | F2, F3, F4, F5 |
Id | Content |
---|---|
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 26,758 shares of TCFC (which includes 696 TCFC RSAs that remain subject to vesting as previously reported by TCFC) in connection with merger. |
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. |
F3 | Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. |
F4 | The restricted stock units vest on September 28, 2023. |
F5 | The indicated RSUs were received in exchange for 297 RSUs of TCFC in connection with merger. |