Andrea E. Colender - Mar 7, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP/Chief Legal Officer
Signature
/s/ Christy Lombardi, Attorney in Fact for Andrea E. Colender
Stock symbol
SHBI
Transactions as of
Mar 7, 2024
Transactions value $
$0
Form type
4
Date filed
3/8/2024, 04:53 PM
Previous filing
Jul 5, 2023
Next filing
Jul 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SHBI Common Stock 21.7K Mar 7, 2024 Direct
holding SHBI Common Stock 3.29K Mar 7, 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 Award $0 +3.31K +166.43% $0.00 5.3K Mar 7, 2024 Common Stock 3.31K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F2 Represents restricted stock units that vest in 3 annual installments beginning on March 7, 2025, the first anniversary of the date of the award.
F3 The restricted stock units vest as follows: 995 units on July 1, 2024; 995 units on July 1, 2025; 1,104 units on March 7, 2025; 1,104 units on March 7, 2026; and 1,104 units on March 7, 2027.