Form 4 for SHBI SHORE BANCSHARES INC
Accepted 2024-03-08 00:00:00 ET · period of report 2024-03-06 · accession 0001628280-24-010027 · 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 | Pierce Lacey Amanda | EVP, CAO | M - OptEx | — | +245 | 28.7K | +0.9% | — |
| D | 2024-03-08 | 2024-03-06 | SHBI | Pierce Lacey Amanda | EVP, CAO | M - OptEx | $0.00 | -245 | 4,875 | -5% | $0 |
| D | 2024-03-08 | 2024-03-07 | SHBI | Pierce Lacey Amanda | EVP, CAO | A - Grant | $0.00 | +2,896 | 7,771 | +59% | $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 | 245 | — | 28,664 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F2) Includes 22,004 shares held jointly with spouse. (F3) 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 | 245 | $0.00 | 4,875 | D | — · — to — | 245 Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of SBHI common stock. (F5) Restricted stock units vested March 6, 2024. (F6) The restricted stock units vest as follows: 941 units on February 10, 2025; 245 units on March 6, 2025; 984 units on March 6, 2026; 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 | 2,896 | $0.00 | 7,771 | D | — · — to — | 2,896 Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of SBHI common stock. (F7) Represents restricted stock units that vest in 3 annual installments beginning on March 7, 2025, the first anniversary of the award. (F8) The restricted stock units vest as follows: 941 units on February 10, 2025; 245 units on March 6, 2025; 984 units on March 6, 2026; 1,352 units on July 1, 2024; 1,353 units on July 1, 2025; 965 units on March 7, 2025; 965 units on March 7, 2026; and 966 units on March 7, 2027. |