James M. Burke - Aug 20, 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Signature
/s/ Christy Lombardi, Attorney in Fact for James M. Burke
Stock symbol
SHBI
Transactions as of
Aug 20, 2023
Transactions value $
$0
Form type
4
Date filed
8/22/2023, 08:56 PM
Previous filing
Jul 3, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Options Exercise +983 +1.82% 55.1K Aug 20, 2023 Direct F1
holding SHBI Common Stock 5.27K Aug 20, 2023 By TCFC ESOP
holding SHBI Common Stock 2.38K Aug 20, 2023 By IRA

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 Options Exercise $0 -983 -3.14% $0.00 30.4K Aug 20, 2023 Common Stock 983 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F3 Restricted stock units vested August 20, 2023.
F4 The restricted stock units vest as follows: 778 units on December 17, 2023, 950 units on February 4, 2024, 596 units on each February 10, 2024 and February 10, 2025, 1,563 units on March 6, 2024, 1,564 units on March 6, 2025 and 1,565 on March 6, 2026, 2,848 on December 31, 2023, 1,788 on December 31, 2024, 4,695 on December 31, 2025, 6,704 units on July 1, 2024 and 6,705 units on July 1, 2025.