Shore Bancshares director receives 2,310 RSU shares
Shore Bancshares Inc. director Rebecca Middleton McDonald reported the vesting and conversion of 2,310 restricted stock units into an equal number of common shares on July 29, 2026.
Rhea-AI Filing Summary
Shore Bancshares Inc. director Rebecca Middleton McDonald reported the vesting and conversion of 2,310 restricted stock units into an equal number of common shares on July 29, 2026. Following this, she directly holds 10,318 common shares and retains 1,855 unvested restricted stock units scheduled to vest on May 21, 2027. She also has indirect beneficial ownership of additional common shares held through trusts, including 54,024 shares by a trust for her benefit and further positions in the BMF and EFD IR trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,310 shares exercised/converted
Exercise
5 txns
Insider
McDonald Rebecca Middleton
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4, F5 | 2,310 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 2,310 | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,855 contracts (Direct);
Common Stock — 10,318 shares (Direct);
Common Stock — 54,024 shares (Indirect, By Trust for R. McDonald);
Common Stock — 19,515 shares (Indirect, By Trustee for BMF Trust);
Common Stock — 17,187 shares (Indirect, By Trustee for EFD IR Trust)
Footnotes (5)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. 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.
- F3. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
- F4. These restricted stock units vested on July 29, 2026.
- F5. The restricted stock units vest as follows: 1,855 units on May 21, 2027.
Key Figures
RSUs converted: 2,310 units
Direct common shares after transaction: 10,318 shares
Unvested restricted stock units remaining: 1,855 units
+3 more
6 metrics
RSUs converted
2,310 units
Restricted stock units converting into common stock on July 29, 2026
Direct common shares after transaction
10,318 shares
Direct SHBI common stock beneficially owned after July 29, 2026 transactions
Unvested restricted stock units remaining
1,855 units
Restricted stock units scheduled to vest on May 21, 2027
Indirect shares by trust for R. McDonald
54,024 shares
Common stock held indirectly by trust for R. McDonald
Indirect shares by Trustee for BMF Trust
19,515 shares
Common stock held indirectly as Trustee for BMF Trust
Indirect shares by Trustee for EFD IR Trust
17,187 shares
Common stock held indirectly as Trustee for EFD IR Trust
Key Terms
Restricted Stock Units, Dividend Reinvestment Plan, beneficial ownership, Rule 16a-11
4 terms
Restricted Stock Units financial
"Restricted stock units convert into common stock on a one-for-one basis."
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
"Exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan"
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.
beneficial ownership financial
"Reflects an increase in beneficial ownership resulting from an exempt acquisition"
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.
Rule 16a-11 regulatory
"Dividend Reinvestment Plan pursuant to Rule 16a-11."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SHBI director Rebecca Middleton McDonald report?
Rebecca Middleton McDonald reported vesting and conversion of 2,310 restricted stock units into Shore Bancshares (SHBI) common stock on July 29, 2026. These units converted one-for-one into common shares, increasing her direct share ownership and reducing her outstanding restricted stock unit balance.
What restricted stock units remain for Rebecca Middleton McDonald at SHBI?
Following the July 29, 2026 vesting, Rebecca Middleton McDonald holds 1,855 restricted stock units. According to the disclosure, these remaining units are scheduled to vest on May 21, 2027, each representing a contingent right to receive one share of SHBI common stock.
Were Rebecca Middleton McDonald’s SHBI transactions under a Rule 10b5-1 trading plan?
The disclosure indicates the Rule 10b5-1 checkbox is not marked, and the footnotes describe restricted stock unit vesting and a dividend reinvestment plan acquisition. There is no indication that these transactions were executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
