Shore Bancshares director acquires 2,310 shares
Shore Bancshares Inc. director Konrad Wayson reported the vesting and conversion of 2,310 restricted stock units into an equal number of common shares on July 29, 2026.
Rhea-AI Filing Summary
Shore Bancshares Inc. director Konrad Wayson reported the vesting and conversion of 2,310 restricted stock units into an equal number of common shares on July 29, 2026. After these transactions, he holds 24,573 common shares directly, 62,396 common shares indirectly through a trust, and 4,582 unvested restricted stock units scheduled to vest through May 21, 2027. A portion of the reported ownership increase reflects acquisitions under Shore Bancshares’ Dividend Reinvestment Plan.
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Insider Trade Summary
2,310 shares exercised/converted
Exercise
3 txns
Insider
WAYSON KONRAD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4, F5 | 2,310 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 2,310 | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,582 contracts (Direct);
Common Stock — 24,573 shares (Direct);
Common Stock — 62,396 shares (Indirect, By Trust)
Footnotes (5)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. 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.
- F3. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
- F4. These restricted stock units vested on July 29, 2026.
- F5. The restricted stock units vest as follows: 1,932 on January 2, 2027; 795 on April 2, 2027; and 1,855 units on May 21, 2027.
Key Figures
RSUs converted to common: 2,310 shares
Common shares held directly: 24,573 shares
Common shares held indirectly by trust: 62,396 shares
+4 more
7 metrics
RSUs converted to common
2,310 shares
Restricted stock units vested and converted on July 29, 2026
Common shares held directly
24,573 shares
Direct ownership after July 29, 2026 transactions
Common shares held indirectly by trust
62,396 shares
Indirect trust ownership after reported transactions
Unvested restricted stock units
4,582 units
RSUs remaining outstanding after 2,310 units vested
RSUs vesting January 2, 2027
1,932 units
Scheduled tranche of unvested restricted stock units
RSUs vesting April 2, 2027
795 units
Scheduled tranche of unvested restricted stock units
RSUs vesting May 21, 2027
1,855 units
Final scheduled tranche of current RSU award
Key Terms
Restricted Stock Units, Dividend Reinvestment Plan, Rule 16a-11
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.
Dividend Reinvestment Plan financial
"An 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 financial
"Acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What restricted stock units vested for SHBI director Konrad Wayson and when?
On July 29, 2026, 2,310 restricted stock units vested for Konrad Wayson. Each unit represented a contingent right to receive one share of Shore Bancshares common stock, and the vested units were converted into common shares on a one-for-one basis.
What is the future vesting schedule for Konrad Wayson’s SHBI restricted stock units?
Unvested restricted stock units are scheduled to vest as follows: 1,932 units on January 2, 2027; 795 units on April 2, 2027; and 1,855 units on May 21, 2027, totaling 4,582 remaining units subject to vesting conditions.
Are Konrad Wayson’s SHBI holdings partly indirect through a trust?
Yes. After the reported transactions, Konrad Wayson is shown with 62,396 Shore Bancshares common shares held indirectly by a trust, in addition to his 24,573 directly held shares and 4,582 unvested restricted stock units.
Did this SHBI Form 4 indicate use of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmatively adopted trading plan. It does not state that the reported transactions were executed under a pre-arranged Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
