Form 4 for SHBI SHORE BANCSHARES INC
Accepted 2024-03-08 00:00:00 ET · period of report 2024-03-06 · accession 0001628280-24-009937 · 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 | Lombardi Christy | CHRO | M - OptEx | — | +338 | 31.4K | +1% | — |
| D | 2024-03-08 | 2024-03-07 | SHBI | Lombardi Christy | CHRO | A - Grant | $0.00 | +3,975 | 29.6K | +16% | $0 |
| D | 2024-03-08 | 2024-03-06 | SHBI | Lombardi Christy | CHRO | M - OptEx | $0.00 | -338 | 25.6K | -1% | $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 | 338 | — | 31,368 | D | — | — | (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. |
| 2 | Derivative | Restricted Stock Units | 2024-03-07 | A | A | 3,975 | $0.00 | 29,579 | D | — · — to — | 3,975 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. (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: 329 units on February 10, 2025; 340 units on March 6, 2025; 340 units on March 6, 2026; 985 units on December 31, 2024; 1,020 units on December 31, 2025; 11,295 units on July 1, 2024; 11,295 units on July 1, 2025; 1,325 units on March 7, 2025; 1,325 units on March 7, 2026; and 1,325 units on March 7, 2027. |
| 3 | Derivative | Restricted Stock Units | 2024-03-06 | M | D | 338 | $0.00 | 25,604 | D | — · — to — | 338 Common Stock | (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: 329 units on February 10, 2025; 340 units on March 6, 2025; 340 units on March 6, 2026; 985 units on December 31, 2024; 1,020 units on December 31, 2025; 11,295 units on July 1, 2024; and 11,295 units on July 1, 2025. |