Form 4 for SHBI SHORE BANCSHARES INC
Accepted 2024-03-08 00:00:00 ET · period of report 2024-03-06 · accession 0001628280-24-009935 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-08 | 2024-03-06 | SHBI | Burke James M | Pres, CEO, Dir | M - OptEx | — | +1,563 | 61.9K | +3% | — |
| D | 2024-03-08 | 2024-03-07 | SHBI | Burke James M | Pres, CEO, Dir | A - Grant | $0.00 | +14.0K | 37.7K | +59% | $0 |
| D | 2024-03-08 | 2024-03-06 | SHBI | Burke James M | Pres, CEO, Dir | M - OptEx | $0.00 | -1,563 | 23.6K | -6% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-03-06 | M | A | 1,563 | — | 61,851 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 2 | Derivative | Restricted Stock Units | 2024-03-07 | A | A | 14,037 | $0.00 | 37,654 | D | — · — to — | 14,037 Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. (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. |
| 3 | Derivative | Restricted Stock Units | 2024-03-06 | M | D | 1,563 | $0.00 | 23,617 | D | — · — to — | 1,563 Common Stock | (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. |