Lacey A. Pierce - Feb 27, 2024 Form 3 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP, CAO
Signature
/s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce
Stock symbol
SHBI
Transactions as of
Feb 27, 2024
Transactions value $
$0
Form type
3
Date filed
3/7/2024, 03:27 PM
Previous filing
Jul 3, 2023
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SHBI Common Stock 28.1K Feb 27, 2024 Direct F1
holding SHBI Common Stock 19.6K Feb 27, 2024 By Spouse
holding SHBI Common Stock 4.92K Feb 27, 2024 By Spouse ESOP
holding SHBI Common Stock 3.96K Feb 27, 2024 By ESOP

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
holding SHBI Restricted Stock Units Feb 27, 2024 Common Stock 941 Direct F2, F3, F4
holding SHBI Restricted Stock Units Feb 27, 2024 Common Stock 1.47K Direct F4, F5, F6
holding SHBI Restricted Stock Units Feb 27, 2024 Common Stock 2.71K Direct F4, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 21,775 shares held jointly with spouse.
F2 Represents restricted stock units that vest in 3 annual installments beginning on February 10, 2023, the first anniversary of the date of the award.
F3 941 units will vest on February 10, 2025.
F4 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F5 Represents restricted stock units that vest in 3 annual installments beginning on March 6, 2024, the first anniversary of the date of the award.
F6 245 units vest on March 6, 2024; 245 units vest on March 6, 2025; and 984 units vest on March 6, 2026.
F7 Represents restricted stock units that vest in 2 annual installments beginning on July 1, 2024, the first anniversary date of the award.
F8 1352 units vest on July 1, 2024 and 1353 units vest on July 1, 2025.