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Shore Bancshares (SHBI) corrects RSU grant, adds 936 units for officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Shore Bancshares officer Lacey A. Pierce, Chief Strategy & Project Officer and director, reported an additional grant of 936 restricted stock units (RSUs) effective February 27, 2025. This Form 4 amendment corrects an earlier filing that understated the original RSU grant and reflects only the incremental correction.

Each RSU represents the right to receive one share of SHBI common stock. Following this correction, Pierce beneficially owns 6,747 RSUs, which vest in multiple annual installments between March 6, 2026 and February 27, 2028, aligning compensation with long‑term shareholder value.

Positive

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Negative

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Insider Pierce Lacey Amanda
Role Chief Strategy&ProjectOfficer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 936 $0.00 --
Holdings After Transaction: Restricted Stock Units — 6,747 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of SBHI common stock. Represents restricted stock units that vest in 3 annual installments beginning on February 27, 2026, the first anniversary of the date of the award. The restricted stock units vest as follows; 984 units on March 6, 2026; 965 units on March 7, 2026, 966 units on March 7, 2027, 1,277 units on February 27, 2026, 1,277 units on February 27, 2027 and 1,278 units on February 27, 2028. This Form 4/A is being filed to correct the number of restricted stock units granted on February 27, 2025. The original Form 4 understated the number of RSUs by 936. This amendment reports only the incremental correction.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Pierce Lacey Amanda
(Last) (First) (Middle)
18 E DOVER ST
(Street)
EASTON MD 21601
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SHORE BANCSHARES INC [ SHBI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Strategy&ProjectOfficer
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
03/03/2025 		6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 02/27/2025 A 936 (2) (2) Common Stock 936 $0 6,747(3)(4) D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of SBHI common stock.
2. Represents restricted stock units that vest in 3 annual installments beginning on February 27, 2026, the first anniversary of the date of the award.
3. The restricted stock units vest as follows; 984 units on March 6, 2026; 965 units on March 7, 2026, 966 units on March 7, 2027, 1,277 units on February 27, 2026, 1,277 units on February 27, 2027 and 1,278 units on February 27, 2028.
4. This Form 4/A is being filed to correct the number of restricted stock units granted on February 27, 2025. The original Form 4 understated the number of RSUs by 936. This amendment reports only the incremental correction.
Remarks:
/s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce 02/12/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider equity award did Shore Bancshares (SHBI) disclose for Lacey A. Pierce?

Shore Bancshares reported an additional grant of 936 restricted stock units (RSUs) to officer and director Lacey A. Pierce. These RSUs are part of her equity compensation and each RSU represents a contingent right to receive one share of SHBI common stock, vesting over several years.

Why did Shore Bancshares (SHBI) file an amended Form 4/A for Lacey A. Pierce?

The amended Form 4/A corrects the number of RSUs originally reported for the February 27, 2025 grant. The prior filing understated the award by 936 RSUs. This amendment reports only the incremental correction, aligning the disclosed total with the actual compensation grant.

How many restricted stock units does Lacey A. Pierce now beneficially own at Shore Bancshares (SHBI)?

After the correction, Lacey A. Pierce beneficially owns 6,747 restricted stock units (RSUs). These derivative securities are tied to SHBI common stock and vest in several scheduled installments between March 2026 and February 2028, supporting long-term alignment between executive incentives and shareholder interests.

What is the vesting schedule for Lacey A. Pierce’s restricted stock units at Shore Bancshares (SHBI)?

The RSUs vest in multiple annual installments from March 6, 2026 through February 27, 2028. Specific tranches include vesting on March 6, 2026; March 7, 2026; March 7, 2027; February 27, 2026; February 27, 2027; and February 27, 2028, spreading value over time.

What does each restricted stock unit (RSU) granted to Lacey A. Pierce at Shore Bancshares (SHBI) represent?

Each RSU represents a contingent right to receive one share of SHBI common stock. The units convert into common shares as they vest according to the specified schedule, effectively tying a portion of the executive’s compensation to the company’s future stock performance and long-term results.

What role does Lacey A. Pierce hold at Shore Bancshares (SHBI) in this insider filing?

Lacey A. Pierce is identified as both a director and an officer, serving as Chief Strategy & Project Officer. Her position makes her a reporting person under Section 16 rules, requiring public disclosure of equity awards and other transactions in Shore Bancshares securities.