SHBI EVP reports RSU vesting and tax share withholding

Shore Bancshares EVP and Chief Human Resources Officer Christy Lombardi reported equity compensation-related transactions involving restricted stock units (RSUs) and common stock.

Rhea-AI Filing Summary

Shore Bancshares EVP and Chief Human Resources Officer Christy Lombardi reported equity compensation-related transactions involving restricted stock units (RSUs) and common stock. On March 6 and March 7, 2026, RSUs converted into 1,360 and 1,325 shares of common stock, respectively, at a stated price of $0.0000 per share, reflecting vesting of awards rather than open-market purchases.

On those same dates, 489 and 465 common shares were withheld by the issuer to cover tax obligations tied to the RSU vesting, and the footnotes state that no shares were sold by the reporting person. After these transactions, Lombardi directly held 57,900 common shares and 7,525 RSUs, with an additional 6,555 common shares held indirectly through an IRA.

Insider Trade Summary

2,685 shares exercised/converted

Exercise 7 txns

Insider Lombardi Christy

Role EVP, Chief Human Resources Ofc

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,325	$0.00	$0.00
Exercise	Common Stock	1,325	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	465	$0.00	$0.00
Exercise	Restricted Stock Units	1,360	$0.00	$0.00
Exercise	Common Stock	1,360	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	489	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 7,525 contracts (Direct); Common Stock — 57,900 shares (Direct); Common Stock — 6,555 shares (Indirect, By IRA)

Footnotes (7)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. Shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of RSUs; no shares were sold by the reporting person.
3. F3. Includes 204 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 9, 2026.
4. F4. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
5. F5. These restricted stock units vested on March 6, 2026.
6. F6. These restricted stock units vested on March 7, 2026.
7. F7. The restricted stock units vest as follows: 1,325 units on March 7, 2027; 1,432 units on February 27, 2027; 1,432 units on February 27, 2028; 1,112 units on February 17, 2027; 1,112 units on February 17, 2028; and 1,112 units on February 17, 2029.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did SHBI executive Christy Lombardi report?

Christy Lombardi reported RSU vesting and related share movements, not open-market trades. RSUs converted into common stock on March 6 and 7, 2026, and some shares were withheld by Shore Bancshares to cover tax obligations associated with those vesting events.

Did Christy Lombardi buy or sell SHBI shares in the market?

The filing shows no open-market buys or sells by Christy Lombardi. Shares labeled under code F were withheld by Shore Bancshares solely to satisfy tax withholding obligations on RSU vesting, and footnotes clarify that no shares were sold by the reporting person.

How many SHBI shares came from RSU conversions in this Form 4?

RSUs converted into 1,360 SHBI common shares on March 6, 2026, and 1,325 common shares on March 7, 2026. These exercises reflect equity compensation vesting, with a stated conversion price of $0.0000 per share rather than cash purchases on the open market.

How many SHBI shares were withheld for taxes on Lombardi’s RSU vesting?

Shore Bancshares withheld 489 shares on March 6, 2026, and 465 shares on March 7, 2026. According to the footnotes, these shares were used to satisfy tax withholding obligations linked to the RSU vesting, and no shares were sold by the reporting person.

What is Christy Lombardi’s SHBI stake after the reported transactions?

After the transactions, Christy Lombardi directly held 57,900 SHBI common shares and 7,525 restricted stock units. The filing also notes an additional 6,555 common shares held indirectly through an IRA, reflecting another component of her overall beneficial exposure to the company.

How do the SHBI restricted stock units work in this Form 4?

Each restricted stock unit represents a contingent right to receive one SHBI common share. Footnotes explain that some RSUs vested on March 6 and 7, 2026, converting one-for-one into common stock, with additional RSU tranches scheduled to vest on specified future dates through February 17, 2029.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/09/2026 - 01:30 PM Learn about SEC filing dates

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^*

Lombardi Christy

(Last) (First) (Middle)

18 E DOVER STREET

(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)
	EVP, Chief Human Resources Ofc

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Common Stock	03/06/2026		M		1,360	A	(1)	57,529	D
Common Stock	03/07/2026		M		1,325	A	(1)	58,854	D
Common Stock	03/06/2026		F		489(2)	D	$0	58,365	D
Common Stock	03/07/2026		F		465(2)	D	$0	57,900(3)	D
Common Stock								6,555	I	By IRA

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	(4)	03/06/2026		M			1,360	(5)	(5)	Common Stock	1,360	$0	8,850	D
Restricted Stock Units	(4)	03/07/2026		M			1,325	(6)	(6)	Common Stock	1,325	$0	7,525(7)	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. Shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of RSUs; no shares were sold by the reporting person.

3. Includes 204 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 9, 2026.

4. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.

5. These restricted stock units vested on March 6, 2026.

6. These restricted stock units vested on March 7, 2026.

7. The restricted stock units vest as follows: 1,325 units on March 7, 2027; 1,432 units on February 27, 2027; 1,432 units on February 27, 2028; 1,112 units on February 17, 2027; 1,112 units on February 17, 2028; and 1,112 units on February 17, 2029.

Remarks:

	/s/ Christy Lombardi	03/09/2026
	** 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).
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