Shore Bancshares (SHBI) director adds 1,855 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sanders Edward Lawrence III reported acquisition or exercise transactions in this Form 4 filing.
Shore Bancshares director Edward Lawrence Sanders III reported updated equity holdings, including a grant of 1,855 restricted stock units (RSUs) awarded on May 21, 2026. This grant increases his direct RSU balance to 4,165 units, each representing a contingent right to one share of SHBI common stock.
Footnotes state that 2,310 RSUs vest on July 29, 2026 and the new 1,855 RSUs vest on May 21, 2027. Sanders also reports indirect ownership of SHBI common stock through a trust, his IRA, and his spouse’s IRA, in addition to 69,981 directly held common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Sanders Edward Lawrence III
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 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,165 shares (Direct);
Common Stock — 69,981 shares (Direct);
Common Stock — 10,379 shares (Indirect, By IRA)
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. Held by a trust for which Mr. Sanders is a co-trustee. 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: 69,981 shares
+5 more
8 metrics
New RSU grant
1,855 units
Restricted stock units granted May 21, 2026
Total RSUs after grant
4,165 units
Restricted stock units directly held after transaction
Direct common shares
69,981 shares
Common stock held directly after reported transactions
Trust-held shares
6,447 shares
Common stock held indirectly by trust
IRA-held shares
10,379 shares
Common stock held indirectly by IRA
Spouse’s IRA shares
5,882 shares
Common stock held indirectly by spouse’s IRA
RSUs vesting 2026
2,310 units
Restricted stock units vesting July 29, 2026
RSUs vesting 2027
1,855 units
Restricted stock units vesting May 21, 2027
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
"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."
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 under Shore Bancshares Dividend Reinvestment Plan."
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.
co-trustee financial
"Held by a trust for which Mr. Sanders is a co-trustee."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How many restricted stock units does the SHBI director hold after this Form 4 filing?
After this filing, the SHBI director holds 4,165 restricted stock units directly. These RSUs each represent a contingent right to receive one share of SHORE BANCSHARES INC common stock, subject to vesting schedules disclosed in the accompanying footnotes.
When do Edward Sanders’ SHBI restricted stock units vest according to the Form 4?
According to the Form 4 footnotes, 2,310 restricted stock units vest on July 29, 2026. The newly granted 1,855 units vest on May 21, 2027, each date representing the first anniversary of the related award grant for SHORE BANCSHARES INC shares.
What does each SHBI restricted stock unit represent in this Form 4 filing?
Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. The units do not require an exercise price, instead converting into shares upon vesting dates specified in the filing’s footnotes for the director’s compensation awards.
Was the SHBI director’s RSU grant an open-market purchase or a compensation award?
The 1,855 SHBI restricted stock units were reported with transaction code A, indicating a grant, award, or other acquisition. This reflects a compensation-related equity award rather than an open-market purchase of SHORE BANCSHARES INC common shares by the director.