Shore Bancshares director granted 1,855 RSUs
WAYSON KONRAD reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
WAYSON KONRAD reported acquisition or exercise transactions in this Form 4 filing.
Shore Bancshares Inc. director Konrad Wayson received a grant of 1,855 restricted stock units (RSUs) on May 21, 2026. Each RSU represents a contingent right to one share of SHBI common stock and is scheduled to vest on May 21, 2027, the first anniversary of the award.
After this grant, Wayson directly holds 6,892 RSUs tied to common stock, along with 22,143 common shares held directly and 62,008 common shares held indirectly through a trust. The RSUs vest over several future dates, creating a staggered schedule of potential share delivery.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,855 shares
Grant/Award
4 txns
Insider
WAYSON KONRAD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,855 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 11,929 contracts for 5,037 underlying shares (Direct);
Common Stock — 22,143 shares (Direct);
Common Stock — 62,008 shares (Indirect, By Trust)
Footnotes (5)
- F1. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
- F2. Represents restricted stock units that vest on April 2, 2027, the first anniversary of the award.
- F3. 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.
- F4. Represents restricted stock units that vest on May 21, 2027, the first anniversary of the award.
- F5. Restricted stock units vest as follows: 1,855 shares on May 21, 2027.
Key Figures
RSU grant: 1,855 units
Total RSUs after grant: 6,892 units
Direct common shares: 22,143 shares
+2 more
5 metrics
RSU grant
1,855 units
Restricted stock units granted May 21, 2026
Total RSUs after grant
6,892 units
Restricted stock units held directly after transaction
Direct common shares
22,143 shares
Common Stock held directly after transaction
Indirect common shares
62,008 shares
Common Stock held indirectly by trust after transaction
Vesting date for 1,855 RSUs
May 21, 2027
First anniversary of the award grant
Key Terms
Restricted Stock Units, contingent right, vest, indirect ownership
4 terms
Restricted Stock Units financial
"Represents restricted stock units that vest on May 21, 2027, the first anniversary of the award."
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."
vest financial
"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."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
indirect ownership financial
"Common Stock total shares following transaction 62008.0000, direct_or_indirect I, nature_of_ownership By Trust."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SHBI director Konrad Wayson report on this Form 4?
Konrad Wayson reported receiving a grant of 1,855 restricted stock units (RSUs) in Shore Bancshares Inc. common stock. These RSUs are a form of equity compensation that convert into shares if vesting conditions are met, aligning the director’s interests with long-term shareholder value.
How many restricted stock units does SHBI director Konrad Wayson hold after this filing?
After the reported transaction, Konrad Wayson holds 6,892 restricted stock units tied to Shore Bancshares common stock. These RSUs represent future potential share delivery, subject to vesting schedules that extend through various dates in 2026 and 2027 under the award terms.
When do the newly granted 1,855 SHBI restricted stock units vest for Konrad Wayson?
The 1,855 newly granted restricted stock units vest on May 21, 2027, one year after the grant date. Upon vesting, each RSU entitles Wayson to receive one share of Shore Bancshares common stock, provided he meets the conditions outlined in the award agreement.
What are Konrad Wayson’s direct and indirect SHBI common stock holdings after the Form 4?
Following the reported transactions, Konrad Wayson holds 22,143 Shore Bancshares common shares directly and 62,008 shares indirectly through a trust. These positions are separate from his 6,892 restricted stock units, which represent contingent rights to additional future shares.
How do Konrad Wayson’s SHBI restricted stock units vest over time?
Wayson’s restricted stock units vest in tranches across multiple dates. Footnotes state 2,310 units vest July 29, 2026, 1,932 units on January 8, 2027, 795 units on April 2, 2027, and 1,855 units on May 21, 2027, creating a staggered vesting schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
