Charles E. Ruch Jr. - Jul 1, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP, Chief Credit Officer
Signature
/s/ Christy Lombardi, Attorney in Fact for Charles E. Ruch, Jr.
Stock symbol
SHBI
Transactions as of
Jul 1, 2024
Transactions value $
$0
Form type
4
Date filed
7/2/2024, 12:04 PM
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 +1.08K +35.65% 4.11K Jul 1, 2024 Direct F1

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 -1.08K -19.74% $0.00 4.39K Jul 1, 2024 Common Stock 1.08K 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; 1,082 units on 7/1/2025; 1,104 units on March 7, 2025; 1,104 units on March 7, 2026; and 1,104 units on March 7, 2027.