Form 4 for SHBI SHORE BANCSHARES INC
Accepted 2024-03-08 00:00:00 ET · period of report 2024-03-06 · accession 0001628280-24-010024 · 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 | Tay Talal | CRO | M - OptEx | — | +247 | 7,626 | +3% | — |
| D | 2024-03-08 | 2024-03-06 | SHBI | Tay Talal | CRO | M - OptEx | $0.00 | -247 | 4,887 | -5% | $0 |
| D | 2024-03-08 | 2024-03-07 | SHBI | Tay Talal | CRO | A - Grant | $0.00 | +3,588 | 8,475 | +73% | $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 | 247 | — | 7,626 | 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 | 2024-03-06 | M | D | 247 | $0.00 | 4,887 | D | — · — to — | 247 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: 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. |
| 3 | Derivative | Restricted Stock Units | 2024-03-07 | A | A | 3,588 | $0.00 | 8,475 | D | — · — to — | 3,588 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: 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. |