Lacey A. Pierce - Mar 6, 2024 Form 4 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
Mar 6, 2024
Transactions value $
$0
Form type
4
Date filed
3/8/2024, 04:58 PM
Previous filing
Mar 7, 2024
Next filing
Jul 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Options Exercise +245 +0.86% 28.7K Mar 6, 2024 Direct F1, F2, F3
holding SHBI Common Stock 4.92K Mar 6, 2024 By Spouse ESOP
holding SHBI Common Stock 19.7K Mar 6, 2024 By Spouse
holding SHBI Common Stock 3.96K Mar 6, 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
transaction SHBI Restricted Stock Units Options Exercise $0 -245 -4.79% $0.00 4.88K Mar 6, 2024 Common Stock 245 Direct F4, F5, F6
transaction SHBI Restricted Stock Units Award $0 +2.9K +59.41% $0.00 7.77K Mar 7, 2024 Common Stock 2.9K Direct F4, F7, F8
* 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 Includes 22,004 shares held jointly with spouse.
F3 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.
F4 Each restricted stock unit represents a contingent right to receive one share of SBHI common stock.
F5 Restricted stock units vested March 6, 2024.
F6 The restricted stock units vest as follows: 941 units on February 10, 2025; 245 units on March 6, 2025; 984 units on March 6, 2026; 1,352 units on July 1, 2024; and 1,353 units on July 1, 2025.
F7 Represents restricted stock units that vest in 3 annual installments beginning on March 7, 2025, the first anniversary of the award.
F8 The restricted stock units vest as follows: 941 units on February 10, 2025; 245 units on March 6, 2025; 984 units on March 6, 2026; 1,352 units on July 1, 2024; 1,353 units on July 1, 2025; 965 units on March 7, 2025; 965 units on March 7, 2026; and 966 units on March 7, 2027.