Shore Bancshares director buys 175 SHBI shares
Shore Bancshares director Michael Brian Adams increased his stake in SHBI.
Rhea-AI Filing Summary
Shore Bancshares director Michael Brian Adams increased his stake in SHBI. He acquired 175 shares of common stock at $20.29 per share, boosting his direct holdings to 45,818 shares. The increase is noted as an exempt acquisition under the company’s Dividend Reinvestment Plan pursuant to Rule 16a-11.
Adams also holds 10,047 shares indirectly through a Roth IRA. In addition, he now has 4,165 restricted stock units, including a new grant of 1,855 units that vest on May 21, 2027 and 2,310 units scheduled to vest on July 29, 2026, each unit representing one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 175 shares
Net Buy
5 txns
Insider
Adams Michael Brian
Role
Director
Bought
175 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 175 | $20.29 | $4K |
| Grant/Award | Restricted Stock Units | 1,855 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,475 contracts for 2,310 underlying shares (Direct);
Common Stock — 91,461 shares (Direct);
Common Stock — 10,047 shares (Indirect, By Roth IRA)
Footnotes (6)
- F1. 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.
- F2. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
- F3. Represents restricted stock units that vest on July 29, 2026, the first anniversary of the award.
- F4. Restricted stock units vest as follows: 2,310 shares on July 29, 2026.
- F5. Represents restricted stock units that vest on May 21, 2027, the first anniversary of the award.
- F6. Restricted stock units vest as follows: 1,855 shares on May 21, 2027.
Key Figures
New shares acquired: 175 shares
Purchase price: $20.29/share
Direct holdings after transaction: 45,818 shares
+4 more
7 metrics
New shares acquired
175 shares
Common stock acquired via Dividend Reinvestment Plan at $20.29
Purchase price
$20.29/share
Price for 175 newly acquired SHBI common shares
Direct holdings after transaction
45,818 shares
Direct SHBI common stock owned by Adams after acquisition
Indirect Roth IRA holdings
10,047 shares
SHBI common stock held indirectly via Roth IRA
New RSU grant
1,855 units
Restricted stock units vesting on May 21, 2027
Existing RSUs
2,310 units
Restricted stock units vesting on July 29, 2026
Total RSUs held
4,165 units
Aggregate restricted stock units after new award
Key Terms
Dividend Reinvestment Plan, Restricted Stock Units, Rule 16a-11, beneficial ownership, +1 more
5 terms
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.
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.
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.
Roth IRA financial
"Indirect ownership reported as 10,047 common shares held By Roth IRA."
A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SHBI director Michael Brian Adams do in this Form 4 filing?
Michael Brian Adams increased his SHBI holdings by acquiring 175 common shares at $20.29 each via the Dividend Reinvestment Plan. He also reported updated positions in directly held shares, Roth IRA holdings, and restricted stock units with future vesting dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
