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Shore Bancshares (SHBI) EVP awarded 2,935 restricted stock units in Form 4

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Stayton Noah Edward reported acquisition or exercise transactions in this Form 4 filing.

SHORE BANCSHARES INC executive Noah Edward Stayton received a grant of 2,935 restricted stock units (RSUs) on February 17, 2026. The award was reported at a grant price of $0.00 per unit and brings his directly owned RSU total to 14,013 units.

Each RSU represents a contingent right to receive one share of SHBI common stock. The newly granted RSUs vest in three installments beginning on February 17, 2027, the first anniversary of the grant date, with the remaining RSUs subject to scheduled vesting through February 17, 2029.

Positive

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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
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Stayton Noah Edward

(Last) (First) (Middle)
18 EAST 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Information Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026
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
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) 02/17/2026 A 2,935 (2) (2) Common Stock 2,935 $0 14,013(3) 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 in 3 installments beginning on February 17, 2027, the first anniversary of the date of the award.
3. Represents restricted stock units that vest as follows: 3,194 and 498 units on August 21, 2026, 3,195 and 498 units on August 21, 2027, 3,195 and 498 units on August 21, 2028, 978 units on February 17, 2027, 978 units on February 17, 2028 and 979 units on February 17, 2029.
Remarks:
/s/ Christy Lombardi, Attorney In Fact for Noah E. Stayton 02/19/2026
** 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

What insider transaction did SHORE BANCSHARES INC (SHBI) report for Noah Edward Stayton?

SHORE BANCSHARES INC reported that EVP and Chief Information Officer Noah Edward Stayton acquired 2,935 restricted stock units. These RSUs were granted at a stated price of $0.00 per unit as a compensatory award under the company’s equity program.

How many restricted stock units does Noah Edward Stayton hold in SHBI after this Form 4 filing?

After the February 17, 2026 grant, Noah Edward Stayton beneficially owns 14,013 restricted stock units in SHORE BANCSHARES INC. This total reflects his directly held RSUs following the award reported in this Form 4 insider transaction.

When do the newly granted SHBI restricted stock units to Noah Edward Stayton begin vesting?

The newly granted restricted stock units to Noah Edward Stayton begin vesting on February 17, 2027. This is the first anniversary of the February 17, 2026 award date, and vesting then continues according to the company’s disclosed installment schedule.

What does each restricted stock unit granted to Noah Edward Stayton represent for SHBI shareholders?

Each restricted stock unit granted to Noah Edward Stayton represents a contingent right to receive one share of SHBI common stock. Actual share delivery depends on satisfaction of vesting conditions over the specified schedule through future vesting dates.

Over what period do Noah Edward Stayton’s SHBI restricted stock units vest?

Noah Edward Stayton’s restricted stock units vest in multiple installments from August 21, 2026 through February 17, 2029. The schedule includes several tranche amounts on those dates, reflecting prior and current awards with time-based vesting conditions.
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