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Shore Bancshares (SHBI) EVP gains stock from RSU vesting, tax withholding

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

Rhea-AI Filing Summary

Shore Bancshares EVP and Chief Banking Officer Brian Scot Ebron reported equity award activity involving restricted stock units and common stock. On February 27, 2026, he acquired 1,664 shares of common stock through the exercise and vesting of restricted stock units at $0.00 per share.

To cover related tax obligations, 511 common shares were withheld by the issuer, and no shares were sold by Ebron. After these transactions, he held 24,603 shares of common stock directly and 36,967 shares indirectly through an IRA. Footnotes note that restricted stock units convert to common stock on a one-for-one basis and that additional RSUs are scheduled to vest on specified future dates.

Positive

  • None.

Negative

  • None.
Insider Ebron Brian Scot
Role EVP, Chief Banking Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 1,664 $0.00 --
Exercise Common Stock 1,664 $0.00 --
Tax Withholding Common Stock 511 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 12,375 shares (Direct); Common Stock — 25,114 shares (Direct); Common Stock — 36,967 shares (Indirect, By IRA)
Footnotes (1)
  1. Restricted stock units convert into common stock on a one-for-one basis. 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. Includes 2,116 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 3, 2026. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. These restricted stock units vested on February 27, 2026. The restricted stock units vest as follows: 298 units on March 6, 2026; 894 units on March 6, 2026; 1,435 units on March 7, 2026; 1,436 units on March 7, 2027; 1,664 units on February 27, 2027; 1,665 units on February 27, 2028; 1,661 units on February 17, 2027; 1,661 units on February 17, 2028; and 1,661 units on February 17, 2029.
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*
Ebron Brian Scot
(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 Banking Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
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 02/27/2026 M 1,664 A (1) 25,114 D
Common Stock 02/27/2026 F 511(2) D $0 24,603(3) D
Common Stock 36,967 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) 02/27/2026 M 1,664 (5) (5) Common Stock 1,664 $0 12,375(6) 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 2,116 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 3, 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 February 27, 2026.
6. The restricted stock units vest as follows: 298 units on March 6, 2026; 894 units on March 6, 2026; 1,435 units on March 7, 2026; 1,436 units on March 7, 2027; 1,664 units on February 27, 2027; 1,665 units on February 27, 2028; 1,661 units on February 17, 2027; 1,661 units on February 17, 2028; and 1,661 units on February 17, 2029.
Remarks:
/s/ Christy Lombardi, Attorney in Fact for Brian Scot Ebron 03/03/2026
** 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 did Shore Bancshares (SHBI) executive Brian Scot Ebron report in this Form 4?

Brian Scot Ebron reported RSU vesting and related share withholding. He received 1,664 Shore Bancshares common shares from restricted stock units and had 511 shares withheld by the company to satisfy tax obligations, with no open-market sale of shares.

How many Shore Bancshares (SHBI) shares does Brian Scot Ebron hold after these transactions?

After the transactions, Ebron directly holds 24,603 common shares. He also indirectly holds 36,967 common shares through an IRA. These positions reflect the impact of the RSU conversion and the 511-share tax withholding on February 27, 2026.

Were any Shore Bancshares (SHBI) shares sold by Brian Scot Ebron on the market?

No shares were sold by Ebron on the open market. The 511-share disposition was a tax-withholding transaction, where the issuer withheld shares to satisfy tax liabilities arising from RSU vesting, as explicitly stated in the filing footnotes.

What happened to Brian Scot Ebron’s restricted stock units at Shore Bancshares (SHBI)?

1,664 restricted stock units vested and converted into common shares. Each unit represents a contingent right to receive one share of SHBI common stock. Footnotes also describe a schedule of additional RSUs that will vest on specified future dates.

How are the indirect Shore Bancshares (SHBI) holdings of Brian Scot Ebron structured?

Ebron reports 36,967 common shares held indirectly through an IRA. This indirect ownership is separate from his direct holdings of 24,603 shares and reflects retirement-account ownership rather than shares held personally in his own name.

Does the Form 4 mention shares acquired under an employee stock purchase plan at Shore Bancshares (SHBI)?

Yes, the filing notes shares from an employee stock purchase plan. A footnote states that Ebron’s holdings include 2,116 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 3, 2026.