Shore Bancshares (SHBI) director awarded 1,855 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shore Bancshares director David S. Jones reported updated equity holdings in SHBI and a new compensation grant. The filing shows an award of 1,855 restricted stock units, each representing one share of common stock, that vest on May 21, 2027, the first anniversary of the award.
Jones now directly holds 11,650 shares of common stock and 4,165 restricted stock units in total, including 2,310 units scheduled to vest on July 29, 2026 and the new 1,855-unit grant vesting on May 21, 2027. Several additional common stock positions are held indirectly through entities and an IRA.
A footnote explains that his beneficial ownership also increased through an exempt acquisition of common stock under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11, indicating automatic reinvestment of dividends rather than open-market purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Jones David S.
Role
null
| 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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,165 shares (Direct, null);
Common Stock — 11,650 shares (Direct, null);
Common Stock — 1,241 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. 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
RSUs vesting July 29, 2026: 2,310 units
+5 more
8 metrics
New RSU grant
1,855 units
Restricted stock units granted on May 21, 2026, vesting May 21, 2027
Total RSUs after grant
4,165 units
Restricted stock units held directly after the reported grant
RSUs vesting July 29, 2026
2,310 units
Existing restricted stock units scheduled to vest on July 29, 2026
Direct common shares
11,650 shares
Common stock held directly following the transactions
Indirect shares via Sonne Capital LLC
10,315 shares
Common stock held indirectly through Sonne Capital LLC
Indirect shares via Company Jones of Annapolis, Inc.
9,279 shares
Common stock held indirectly through Company Jones of Annapolis, Inc.
Indirect shares via Southern Drywell, Inc.
37,192 shares
Common stock held indirectly through Southern Drywell, Inc.
Indirect shares via IRA
1,241 shares
Common stock held indirectly through an IRA
Key Terms
Restricted Stock Units, Dividend Reinvestment Plan, Rule 16a-11, beneficial ownership, +1 more
5 terms
Restricted Stock Units financial
"Represents restricted stock units that vest on May 21, 2027, the first anniversary of the award."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of SHBI common stock."
FAQ
How many restricted stock units does SHBI director David S. Jones now hold?
David S. Jones now holds 4,165 restricted stock units. These consist of 2,310 units scheduled to vest on July 29, 2026, and a new 1,855-unit grant that vests on May 21, 2027, each representing a contingent right to receive one share of SHBI common stock.