Shore Bancshares (SHBI) director Hyatt adds 1,855 RSUs and updates share holdings
Rhea-AI Filing Summary
Shore Bancshares director Alan J. Hyatt reported updated holdings and a new equity award. The Form 4 shows a grant of 1,855 Restricted Stock Units, each representing a contingent right to receive one share of SHBI common stock, bringing his direct RSU holdings to 4,165 units that vest on July 29, 2026 and May 21, 2027. He also reports 936,693 shares of common stock held directly, plus additional indirect holdings through several trusts, a partnership, an IRA, and his spouse, reflecting a higher overall beneficial ownership that includes shares acquired under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
HYATT ALAN J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,855 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,475 shares (Direct);
Common Stock — 936,693 shares (Direct);
Common Stock — 131,552 shares (Indirect, By IRA);
Common Stock — 5,929 shares (Indirect, By Spouse);
Common Stock — 7,603 shares (Indirect, By Partnership);
Common Stock — 388,306 shares (Indirect, By Trust I);
Common Stock — 170,692 shares (Indirect, By Trust II);
Common Stock — 75,333 shares (Indirect, By Trust III);
Common Stock — 53,749 shares (Indirect, By Trust IV)
Footnotes (1)
- 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. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. Represents restricted stock units that vest on July 29, 2026, the first anniversary of the award. Restricted stock units vest as follows: 2,310 shares on July 29, 2026. Represents restricted stock units that vest on May 21, 2027, the first anniversary of the award. Restricted stock units vest as follows: 1,855 shares on May 21, 2027.
Key Figures
New RSU grant: 1,855 units
Total RSUs after grant: 4,165 units
Direct common shares: 936,693 shares
+5 more
8 metrics
New RSU grant
1,855 units
Restricted Stock Units granted on May 21, 2026
Total RSUs after grant
4,165 units
Restricted Stock Units held directly after transaction
Direct common shares
936,693 shares
SHBI common stock held directly following reported transactions
Trust I holdings
388,306 shares
Indirect SHBI common stock held by Trust I
Trust II holdings
170,692 shares
Indirect SHBI common stock held by Trust II
IRA holdings
131,552 shares
Indirect SHBI common stock held by IRA
Spouse holdings
5,929 shares
Indirect SHBI common stock held by spouse
DRIP acquisition note
Increase in beneficial ownership
Exempt acquisition under Dividend Reinvestment Plan, Rule 16a-11
Key Terms
Restricted Stock Units, Dividend Reinvestment Plan, Rule 16a-11, beneficial ownership, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of SHBI common stock."
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
"exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11."
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
"exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11."
beneficial ownership financial
"Reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How many Restricted Stock Units does Alan J. Hyatt now hold in SHBI?
After the latest grant, Alan J. Hyatt holds 4,165 Restricted Stock Units. These RSUs each represent a contingent right to receive one share of Shore Bancshares common stock as they vest on specified future dates in 2026 and 2027.