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

Role
EVP, CAO
Signature
/s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce
Issuer symbol
SHBI
Transactions as of
27 Feb 2024
Net transactions value
$0
Form type
3
Filing time
07 Mar 2024, 15:27:12 UTC
Previous filing
03 Jul 2023
Next filing
08 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SHBI Common Stock 28,123 27 Feb 2024 Direct F1
holding SHBI Common Stock 19,631 27 Feb 2024 By Spouse
holding SHBI Common Stock 4,919 27 Feb 2024 By Spouse ESOP
holding SHBI Common Stock 3,963 27 Feb 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 27 Feb 2024 Common Stock 941 Direct F2, F3, F4
holding SHBI Restricted Stock Units 27 Feb 2024 Common Stock 1,474 Direct F4, F5, F6
holding SHBI Restricted Stock Units 27 Feb 2024 Common Stock 2,705 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.