James M. Burke - 10 Feb 2025 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
10 Feb 2025
Net transactions value
$0
Form type
4
Filing time
12 Feb 2025, 17:47:29 UTC
Previous filing
02 Jul 2024
Next filing
03 Mar 2025
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 +596 +0.87% 69,151 10 Feb 2025 Direct F1
transaction SHBI Common Stock Options Exercise +1,788 +2.6% 70,939 10 Feb 2025 Direct F1
holding SHBI Common Stock 2,374 10 Feb 2025 By IRA
holding SHBI Common Stock 5,708 10 Feb 2025 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 -596 -1.9% $0.000000 30,354 10 Feb 2025 Common Stock 596 Direct F2, F3, F4
transaction SHBI Restricted Stock Units Options Exercise $0 -1,788 -5.9% $0.000000 28,566 10 Feb 2025 Common Stock 1,788 Direct F2, F3, F4
* 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 February 10, 2025
F4 The restricted stock units vest as follows: 1,564 units on March 6, 2025; 1,565 on March 6, 2026; 4,695 on March 6, 2026; 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.