Director at Shore Bancshares (SHBI) receives 1,855 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shore Bancshares Inc. director Louis P. Jenkins Jr. reported an increase in his holdings, including a new grant of 1,855 restricted stock units (RSUs) of SHBI common stock. The filing notes this as a grant or other acquisition, not an open-market purchase or sale.
Each RSU represents a contingent right to receive one share of common stock. After the grant, Jenkins directly holds 61,807 shares of common stock and 4,165 RSUs. Footnotes explain that some ownership growth also reflects an exempt acquisition under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11, indicating routine, programmatic reinvestment rather than discretionary trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
JENKINS LOUIS P JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,855 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,165 shares (Direct, null);
Common Stock — 61,807 shares (Direct, null)
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
RSUs granted: 1,855 restricted stock units
Common shares held: 61,807 shares
Total RSUs held: 4,165 restricted stock units
+2 more
5 metrics
RSUs granted
1,855 restricted stock units
Grant to director Louis P. Jenkins Jr. on May 21, 2026
Common shares held
61,807 shares
Directly owned after reported transactions
Total RSUs held
4,165 restricted stock units
Direct RSU balance following the new award
RSUs vesting July 29, 2026
2,310 restricted stock units
Previously granted RSUs scheduled to vest on July 29, 2026
RSUs vesting May 21, 2027
1,855 restricted stock units
New award vesting on May 21, 2027
Key Terms
Restricted Stock Units, Dividend Reinvestment Plan, Rule 16a-11, beneficial ownership
4 terms
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.
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
"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."
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.
FAQ
When do the newly granted SHBI restricted stock units to Louis P. Jenkins Jr. vest?
The newly granted 1,855 restricted stock units to Louis P. Jenkins Jr. vest on May 21, 2027. Vesting means he will then be entitled to receive an equivalent number of Shore Bancshares common shares, aligning his compensation with long-term shareholder interests.
What future vesting schedule does SHBI disclose for Louis P. Jenkins Jr.’s existing restricted stock units?
Shore Bancshares discloses that 2,310 of Louis P. Jenkins Jr.’s restricted stock units vest on July 29, 2026. This schedule staggers when he receives common shares, spreading equity-based compensation over multiple years and reinforcing ongoing alignment with company performance.