Shore Bancshares director exercises 2,310 RSUs
Shore Bancshares Inc director Alan J. Hyatt exercised 2,310 restricted stock units into an equal number of common shares on July 29, 2026, bringing his direct common stock holdings to 939,004 shares.
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Form Type
4
Rhea-AI Filing Summary
Shore Bancshares Inc director Alan J. Hyatt exercised 2,310 restricted stock units into an equal number of common shares on July 29, 2026, bringing his direct common stock holdings to 939,004 shares. The related RSU award has 1,855 units scheduled to vest on May 21, 2027. He also reports significant indirect ownership through an IRA, his spouse, a partnership, and several family trusts.
Insider Trade Summary
2,310 shares exercised/converted
Exercise
9 txns
Insider
HYATT ALAN J
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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,855 contracts (Direct);
Common Stock — 939,004 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 (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: 1,855 units on May 21, 2027.
Key Figures
RSUs exercised: 2,310 units
Common shares acquired: 2,310 shares
Direct common stock holdings: 939,004 shares
+4 more
7 metrics
RSUs exercised
2,310 units
Restricted stock units converted into common stock on July 29, 2026
Common shares acquired
2,310 shares
Common stock received upon RSU conversion on July 29, 2026
Direct common stock holdings
939,004 shares
Direct SHBI common stock owned by Alan J. Hyatt after the transaction
Remaining RSUs
1,855 units
Restricted stock units scheduled to vest on May 21, 2027
IRA indirect holdings
131,552 shares
Common stock held indirectly by IRA associated with Alan J. Hyatt
Trust I indirect holdings
388,306 shares
Common stock held indirectly through Trust I
Trust II indirect holdings
170,692 shares
Common stock held indirectly through Trust II
Key Terms
Restricted stock units, Dividend Reinvestment Plan, Rule 16a-11, beneficial ownership, +1 more
5 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
"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
"Dividend Reinvestment Plan pursuant to Rule 16a-11."
beneficial ownership financial
"Reflects an increase in beneficial ownership resulting from an exempt acquisition"
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.
indirect ownership financial
"Indirect ownership noted as By IRA, By Spouse, By Partnership, By Trust I-IV"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What restricted stock unit balance does Alan J. Hyatt still hold in SHBI after the Form 4?
After the reported vesting, Hyatt’s related restricted stock unit award shows 1,855 units remaining. Footnotes state these 1,855 restricted stock units are scheduled to vest on May 21, 2027, representing additional potential future common shares.
Was Alan J. Hyatt’s SHBI transaction under a Rule 10b5-1 trading plan?
The report indicates the transactions were not made pursuant to a Rule 10b5-1 plan. The form’s Rule 10b5-1 checkbox is not marked as a planned trade, and no footnote describes a pre-arranged trading plan for these entries.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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