Jr. Charles E. Ruch - 07 Mar 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
Officer
Signature
/s/ Christy Lombardi, Attorney in Fact for Charles E. Ruch, Jr.
Issuer symbol
SHBI
Transactions as of
07 Mar 2024
Net transactions value
$0
Form type
4
Filing time
08 Mar 2024, 15:57:50 UTC
Previous filing
05 Jul 2023
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
holding SHBI Common Stock 3,032 07 Mar 2024 Direct F1

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 Award $0 +3,312 +153% $0.000000 5,475 07 Mar 2024 Common Stock 3,312 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount held reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
F2 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F3 Represents restricted stock units that vest in 3 annual installments beginning on March 7, 2025, the first anniversary of the date of the award.
F4 The restricted stock units vest as follows: 1,081 units on July 1, 2024; 1,082 units on 7/1/2025; 1,104 units on March 7, 2025; 1,104 units on March 7, 2026; and 1,104 units on March 7, 2027.