Shore Bancshares Form 4: Slater Awarded 2,310 RSUs, No Share Sales

Rhea-AI Filing Summary

Shore Bancshares (SHBI) – Form 4 insider filing

Director Austin J. Slater Jr. was granted 2,310 restricted stock units (RSUs) on 29 Jul 2025. Each RSU represents one share of common stock and vests fully on 29 Jul 2026; no cash exercise price applies. The filing reports no open-market purchases or sales. After the award, Slater directly owns 68,436 common shares and holds 2,310 derivative shares via the new RSUs.

This is a routine equity-compensation grant that modestly increases the director’s potential ownership but has no immediate impact on share count, earnings, or control. The direct ownership classification suggests continued alignment with outside investors.

Positive

• Director received equity-based compensation, modestly increasing long-term alignment with shareholder interests while avoiding share sales.

Negative

• None.

Insights

Corporate Governance Analyst

TL;DR: Routine RSU grant; neutral impact on valuation and governance.

The 2,310-share RSU award is standard board compensation and does not alter the company’s capital structure or signal insider buying or selling pressure. Slater’s sizable 68.4k-share stake remains unchanged, preserving alignment with shareholders. Because the award vests in a single tranche after one year and carries no exercise price, dilution risk is minimal and already contemplated in SBC forecasts. Overall, the filing is administrative rather than market-moving.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SLATER A JOSEPH JR

(Last) (First) (Middle)

18 E DOVER STREET

(Street)

EASTON MD 21601

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SHORE BANCSHARES INC [ SHBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								68,436	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	07/29/2025		A		2,310		(2)	(3)	Common Stock	2,310	$0	2,310	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.

2. Represents restricted stock units that vest on July 29, 2026, the first anniversary of the award.

3. Restricted stock units vest as follows, 2,310 shares on July 29, 2026.

Remarks:

	/s/ Christy Lombardi, Attorney in Fact for Austin J. Slater, Jr.	07/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many SHBI restricted stock units were granted to Director Slater?

The filing shows an award of 2,310 RSUs on 29 Jul 2025.

When do the newly granted RSUs for SHBI vest?

All 2,310 RSUs vest on 29 Jul 2026, the first anniversary of the grant.

Did the SHBI director sell or purchase any common shares in this Form 4?

No. The filing reports no open-market transactions; only an RSU grant was disclosed.

What is Director Slater’s total direct ownership after the reported transaction?

He directly owns 68,436 SHBI common shares, unchanged by the RSU grant.

Does the RSU grant have an exercise price?

No. The RSUs convert 1-for-1 into common stock at $0 exercise price upon vesting.