Shore Bancshares director awarded 1,855 RSUs

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.

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.

Insider Trade Summary

Grant/Award: 1,855 shares

Grant/Award 3 txns

Insider JENKINS LOUIS P JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,855	$0.00	$0.00
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 6,475 contracts for 2,310 underlying shares (Direct); Common Stock — 61,807 shares (Direct)

Footnotes (6)

1. 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.
2. F2. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
3. F3. Represents restricted stock units that vest on July 29, 2026, the first anniversary of the award.
4. F4. Restricted stock units vest as follows: 2,310 shares on July 29, 2026.
5. F5. Represents restricted stock units that vest on May 21, 2027, the first anniversary of the award.
6. F6. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did SHORE BANCSHARES INC (SHBI) disclose for Louis P. Jenkins Jr.?

Shore Bancshares reported that director Louis P. Jenkins Jr. received a grant of 1,855 restricted stock units. These units are a form of stock-based compensation, adding to his existing equity position without involving an open-market stock purchase or sale.

How many SHBI shares and restricted stock units does Louis P. Jenkins Jr. hold after this Form 4?

After the reported transactions, Louis P. Jenkins Jr. directly holds 61,807 shares of Shore Bancshares common stock and 4,165 restricted stock units. Each RSU represents a contingent right to receive one share of SHBI common stock in the future, subject to vesting.

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.

How did Shore Bancshares’ Dividend Reinvestment Plan affect Louis P. Jenkins Jr.’s SHBI ownership?

A footnote states that Jenkins’ beneficial ownership increased through an exempt acquisition under Shore Bancshares’ Dividend Reinvestment Plan, pursuant to Rule 16a-11. This indicates dividends were reinvested automatically into additional shares, rather than acquired through discretionary open-market buying.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 05:18 PM EDT Learn about SEC filing dates

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^*

JENKINS LOUIS P JR

(Last) (First) (Middle)

18 E DOVER STREET

(Street)

EASTON MARYLAND 21601

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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

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

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

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								61,807(1)	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	(2)							(3)	(4)	Common Stock	2,310		2,310	D
Restricted Stock Units	(2)	05/21/2026		A		1,855		(5)	(6)	Common Stock	1,855	$0	4,165	D

Explanation of Responses:

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.

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

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

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

5. Represents restricted stock units that vest on May 21, 2027, the first anniversary of the award.

6. Restricted stock units vest as follows: 1,855 shares on May 21, 2027.

Remarks:

	/s/ Christy Lombardi, Attorney in Fact for Louis P. Jenkins Jr.	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)