Shore Bancshares director awarded 795 RSUs
Shore Bancshares director Konrad Wayson reported a compensation-related stock grant and updated holdings.
Rhea-AI Filing Summary
Shore Bancshares director Konrad Wayson reported a compensation-related stock grant and updated holdings. He received 795 restricted stock units on April 2, 2026, each representing one share of Shore Bancshares common stock and scheduled to vest on April 2, 2027. Following this award, he holds 5,037 restricted stock units in total, with vesting dates in 2026 and 2027. The filing also reports 22,143 shares of common stock held directly and 62,008 shares held indirectly through a trust. A footnote notes an increase in beneficial ownership from an exempt acquisition of common stock under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 795 shares
Grant/Award
3 txns
Insider
WAYSON KONRAD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 795 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,037 contracts (Direct);
Common Stock — 22,143 shares (Direct);
Common Stock — 62,008 shares (Indirect, By Trust)
Footnotes (4)
- F1. 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. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
- F3. Represents restricted stock units that vest on April 2, 2027, the first anniversary of the award.
- F4. Restricted stock units vest as follows: 2,310 units on July 29, 2026; 1,932 units on January 8, 2027; and 795 units on April 2, 2027.
Key Figures
New RSU grant: 795 units
Total RSUs after grant: 5,037 units
Direct common stock holdings: 22,143 shares
+4 more
7 metrics
New RSU grant
795 units
Restricted stock units granted April 2, 2026
Total RSUs after grant
5,037 units
Restricted stock units held following April 2, 2026 award
Direct common stock holdings
22,143 shares
Common stock held directly after reported transactions
Indirect common stock holdings
62,008 shares
Common stock held indirectly by trust
First vesting tranche
2,310 units
Restricted stock units vesting July 29, 2026
Second vesting tranche
1,932 units
Restricted stock units vesting January 8, 2027
Third vesting tranche
795 units
Restricted stock units vesting April 2, 2027
Key Terms
Restricted Stock Units, beneficial ownership, Dividend Reinvestment Plan, Rule 16a-11
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and related vesting footnotes"
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.
beneficial ownership financial
"Reflects an increase in beneficial ownership resulting from an exempt acquisition"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Dividend Reinvestment Plan financial
"exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Rule 16a-11 regulatory
"under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many restricted stock units does SHBI director Konrad Wayson now hold in total?
After the April 2, 2026 grant, Konrad Wayson holds 5,037 restricted stock units. These units vest in stages through 2027, giving him additional future rights to receive Shore Bancshares common shares if the vesting conditions are satisfied.
What is the vesting schedule for Konrad Wayson’s SHBI restricted stock units?
The restricted stock units vest in three tranches: 2,310 units on July 29, 2026; 1,932 units on January 8, 2027; and 795 units on April 2, 2027. Each vested unit converts into one share of Shore Bancshares common stock.
Does the Form 4 for SHBI involve any reported open-market buys or sells by Konrad Wayson?
The disclosed activity centers on a grant of 795 restricted stock units and updated holdings. The transaction is coded as a grant or award acquisition, not an open-market purchase or sale, and reflects routine equity-based compensation and dividend reinvestment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
