Talal Tay - Mar 6, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
Chief Risk Officer
Signature
/s/ Christy Lombardi, Attorney in Fact for Talal Tay
Stock symbol
SHBI
Transactions as of
Mar 6, 2024
Transactions value $
$0
Form type
4
Date filed
3/8/2024, 04:56 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 +247 +3.35% 7.63K Mar 6, 2024 Direct F1, F2
holding SHBI Common Stock 1K 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 -247 -4.81% $0.00 4.89K Mar 6, 2024 Common Stock 247 Direct F3, F4, F5
transaction SHBI Restricted Stock Units Award $0 +3.59K +73.42% $0.00 8.48K Mar 7, 2024 Common Stock 3.59K Direct F3, F6, F7
* 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 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.
F3 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F4 Restricted stock units vested March 6, 2024
F5 The restricted stock units vest as follows: 235 units on February 10, 2025, 247 units on March 6, 2025, 249 units on March 6, 2026, 706 units on December 31, 2024, 745 units on December 31, 2025, 1,352 units on July 1, 2024 and 1,353 units on July 1, 2025.
F6 Represents restricted stock units that vest in 3 annual installments beginning on March 7, 2025, the first anniversary of the date of the award.
F7 The restricted stock units vest as follows: 235 units on February 10, 2025, 247 units on March 6, 2025, 249 units on March 6, 2026, 706 units on December 31, 2024, 745 units on December 31, 2025, 1,352 units on July 1, 2024 and 1,353 units on July 1, 2025, 1,196 units on March 7, 2025, 1,196 units on March 7, 2026 and 1,196 units on March 7, 2027.