Todd L. Capitani - 01 Jul 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP, Chief Financial Officer
Signature
/s/ Christy Lombardi, Attorney in Fact for Todd L. Capitani
Issuer symbol
SHBI
Transactions as of
01 Jul 2024
Transactions value $
$0
Form type
4
Filing time
02 Jul 2024, 11:59:56 UTC
Previous filing
08 Mar 2024
Next filing
12 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Options Exercise +5.36K +20.25% 31.9K 01 Jul 2024 Direct F1, F2
holding SHBI Common Stock 5.03K 01 Jul 2024 By ESOP
holding SHBI Common Stock 3.29K 01 Jul 2024 By Spouse 401(k)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SHBI Restricted Stock Units Options Exercise $0 -5.36K -29.98% $0.00 12.5K 01 Jul 2024 Common Stock 5.36K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Includes 209 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024.
F3 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F4 Restricted stock units vested July 1, 2024.
F5 The restricted stock units vest as follows: 329 units on February 10, 2025; 340 units on March 6, 2025; 342 units on March 6, 2026; 987 units on February 10, 2025; 1,025 units on March 6, 2026; 5,364 units on July 1, 2025; 1,380 units on March 7, 2025; 1,380 units on March 7, 2026; and 1,380 units on March 7, 2027.