James M. Burke - Mar 6, 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
Stock symbol
SHBI
Transactions as of
Mar 6, 2024
Transactions value $
$0
Form type
4
Date filed
3/8/2024, 03:54 PM
Previous filing
Feb 13, 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 +1.56K +2.59% 61.9K Mar 6, 2024 Direct F1
holding SHBI Common Stock 5.71K Mar 6, 2024 By ESOP
holding SHBI Common Stock 2.37K Mar 6, 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 -1.56K -6.21% $0.00 23.6K Mar 6, 2024 Common Stock 1.56K Direct F2, F3, F4
transaction SHBI Restricted Stock Units Award $0 +14K +59.44% $0.00 37.7K Mar 7, 2024 Common Stock 14K 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.