Andrea E. Colender - 27 Feb 2025 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP, Chief Legal Officer
Signature
/s/ Christy Lombardi, Attorney in Fact for Andrea E. Colender
Issuer symbol
SHBI
Transactions as of
27 Feb 2025
Transactions value $
$0
Form type
4
Filing time
03 Mar 2025, 14:14:07 UTC
Previous filing
02 Jul 2024
Next filing
10 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SHBI Common Stock 24.9K 27 Feb 2025 Direct
holding SHBI Common Stock 3.29K 27 Feb 2025 By IRA

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 Award $0 +3.95K +91.66% $0.00 8.26K 27 Feb 2025 Common Stock 3.95K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F2 Represents restricted stock units that vest in 3 annual installments beginning on February 27, 2026, the first anniversary of the date of the award.
F3 The restricted stock units vest as follows: 995 units on July 1, 2025; 1,104 units on March 7, 2025; 1,104 units on March 7, 2026; 1,104 units on March 7, 2027, 1,316 units on February 27, 2026, 1,316 units on February 27, 2027 and 1,316 units on February 27, 2028.