James M. Burke - Jul 1, 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
Jul 1, 2024
Transactions value $
$0
Form type
4
Date filed
7/2/2024, 11:50 AM
Previous filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Options Exercise +6.7K +10.84% 68.6K Jul 1, 2024 Direct F1
holding SHBI Common Stock 5.71K Jul 1, 2024 By ESOP
holding SHBI Common Stock 2.37K Jul 1, 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 -6.7K -17.8% $0.00 31K Jul 1, 2024 Common Stock 6.7K 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 July 1, 2024.
F4 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 February 10, 2025; 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.