James M. Burke - 06 Mar 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: President & CEO, Director
Signature: /s/ Christy Lombardi, Attorney in Fact for James M. Burke
Issuer symbol: SHBI
Transactions as of: 06 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2024, 15:54:30 UTC
Previous filing: 13 Feb 2024
Next filing: 02 Jul 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+1,563	+2.6%		61,851	06 Mar 2024	Direct	F1
holding	SHBI	Common Stock						5,708	06 Mar 2024	By ESOP
holding	SHBI	Common Stock						2,374	06 Mar 2024	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	-1,563	-6.2%	$0.000000	23,617	06 Mar 2024	Common Stock	1,563		Direct	F2, F3, F4
transaction	SHBI	Restricted Stock Units	Award	$0	+14,037	+59%	$0.000000	37,654	07 Mar 2024	Common Stock	14,037		Direct	F2, F5, F6

* 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 March 6, 2024
F4	The restricted stock units vest as follows: 596 units February 10, 2025; 1,564 units on March 6, 2025; 1,565 on March 6, 2026; 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.
F5	Represents restricted stock units that vest in 3 annual installments beginning on March 7, 2025, the first anniversary of the date of the award.
F6	The restricted stock units vest as follows: 596 units on February 10, 2025; 1,564 units on March 6, 2025; 1,565 on March 6, 2026; 1,788 on December 31, 2024; 4,695 on December 31, 2025; 6,704 units on July 1, 2024; 6,705 units on July 1, 2025; 4,679 units on March 7, 2025; 4,679 units on March 7, 2026; and 4,679 units on March 7, 2027.