Form 4 for SHBI SHORE BANCSHARES INC
Accepted 2024-07-02 00:00:00 ET · period of report 2024-07-01 · accession 0001628280-24-030765 · 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 | 2024-07-02 | 2024-07-01 | SHBI | Pierce Lacey Amanda | EVP, Chief Administrative Ofc | M - OptEx | — | +1,352 | 30.8K | +5% | — |
| D | 2024-07-02 | 2024-07-01 | SHBI | Pierce Lacey Amanda | EVP, Chief Administrative Ofc | M - OptEx | $0.00 | -1,352 | 6,419 | -17% | $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 | 2024-07-01 | M | A | 1,352 | — | 30,845 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F3) Includes 527 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024. (F4) Reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11. (F2) Includes 22,236 shares held jointly with spouse. |
| 2 | Derivative | Restricted Stock Units | 2024-07-01 | M | D | 1,352 | $0.00 | 6,419 | D | — · — to — | 1,352 Common Stock | (F6) Each restricted stock unit represents a contingent right to receive one share of SBHI common stock. (F7) Restricted stock units vested July 1, 2024. (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; 1,353 units on July 1, 2025; 965 units on March 7, 2025; 965 units on March 7, 2026; and 966 units on March 7, 2027. |