Shore Bancshares director exercises 2,310 RSUs
Shore Bancshares Inc. director David S. Jones reported the vesting and conversion of 2,310 restricted stock units into an equal number of shares of common stock on July 29, 2026.
Rhea-AI Filing Summary
Shore Bancshares Inc. director David S. Jones reported the vesting and conversion of 2,310 restricted stock units into an equal number of shares of common stock on July 29, 2026. His directly held common stock increased to 13,960 shares following this transaction.
After this vesting, 1,855 restricted stock units remain outstanding and are scheduled to vest on May 21, 2027. Jones also reports indirect ownership of 1,241 shares held by an IRA, 37,192 by Southern Drywell, Inc., 9,279 by Jones of Annapolis, Inc., and 10,315 by Sonne Capital LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,310 shares exercised/converted
Exercise
6 txns
Insider
Jones David S.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 2,310 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,310 | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,855 contracts (Direct);
Common Stock — 13,960 shares (Direct);
Common Stock — 1,241 shares (Indirect, By IRA);
Common Stock — 37,192 shares (Indirect, By Company Southern Drywell, Inc.);
Common Stock — 9,279 shares (Indirect, By Company Jones of Annapolis, Inc.);
Common Stock — 10,315 shares (Indirect, By LLC Sonne Capital)
Footnotes (4)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
- F3. These restricted stock units vested on July 29, 2026.
- F4. The restricted stock units vest as follows: 1,855 units on May 21, 2027.
Key Figures
RSUs converted: 2,310 shares
Direct common stock after transaction: 13,960 shares
Unvested RSUs remaining: 1,855 units
+4 more
7 metrics
RSUs converted
2,310 shares
Restricted stock units converted into common stock on July 29, 2026
Direct common stock after transaction
13,960 shares
Direct SHBI common stock holdings following RSU conversion
Unvested RSUs remaining
1,855 units
Restricted stock units scheduled to vest on May 21, 2027
Indirect holding via IRA
1,241 shares
Common stock held indirectly by IRA as of July 29, 2026
Indirect holding via Southern Drywell, Inc.
37,192 shares
Common stock held indirectly by Southern Drywell, Inc.
Indirect holding via Jones of Annapolis, Inc.
9,279 shares
Common stock held indirectly by Jones of Annapolis, Inc.
Indirect holding via Sonne Capital LLC
10,315 shares
Common stock held indirectly by Sonne Capital LLC
Key Terms
Restricted Stock Units, contingent right, indirect ownership
3 terms
Restricted Stock Units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of SHBI common stock."
indirect ownership financial
"Common Stock held indirectly by IRA and affiliated companies is reported as indirect ownership."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SHBI director David S. Jones report?
David S. Jones reported vesting and conversion of 2,310 restricted stock units into an equal number of Shore Bancshares common shares on July 29, 2026, increasing his directly held common stock to 13,960 shares after the transaction.
How many SHBI restricted stock units does David S. Jones still hold after this Form 4?
After the July 29, 2026 vesting, David S. Jones continues to hold 1,855 restricted stock units in SHBI. According to the filing, these remaining RSUs are scheduled to vest on May 21, 2027, representing additional potential common shares in the future.
What are David S. Jones’s direct SHBI common stock holdings after the RSU conversion?
Following the conversion of 2,310 RSUs, David S. Jones directly owns 13,960 shares of Shore Bancshares common stock. This direct position reflects only shares held in his own name, separate from any indirect holdings reported through other entities or accounts.
How do the SHBI RSUs convert into common stock for David S. Jones?
Each restricted stock unit held by David S. Jones represents a contingent right to receive one SHBI common share. The filing notes that the 2,310 RSUs vested on July 29, 2026 and converted on a one-for-one basis into common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
