Shore Bancshares (SHBI) EVP exercises RSUs; shares withheld for taxes

Rhea-AI Filing Summary

Shore Bancshares EVP and Chief Banking Officer Brian Scot Ebron reported equity compensation activity involving restricted stock units (RSUs) and common stock. On March 6 and 7, 2026, RSUs representing 1,192 and 1,435 shares, respectively, were exercised and converted into the same number of Shore Bancshares common shares at no cash exercise price.

To satisfy tax withholding obligations tied to these RSU vestings, 387 shares on March 6 and 455 shares on March 7 were withheld by the issuer, and no shares were sold by Ebron. After these transactions, he held 26,388 shares of common stock directly and 9,748 RSUs, plus indirect ownership of 36,967 common shares by an IRA, which includes 2,116 shares acquired under the employee stock purchase plan as of March 9, 2026.

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

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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^*

Ebron Brian Scot

(Last) (First) (Middle)

18 E 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 Banking Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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
Common Stock	03/06/2026		M		1,192	A	(1)	25,795	D
Common Stock	03/07/2026		M		1,435	A	(1)	27,230	D
Common Stock	03/06/2026		F		387(2)	D	$0	26,843	D
Common Stock	03/07/2026		F		455(2)	D	$0	26,388(3)	D
Common Stock								36,967	I	By IRA

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	(4)	03/06/2026		M			1,192	(5)	(5)	Common Stock	1,192	$0	11,183	D
Restricted Stock Units	(4)	03/07/2026		M			1,435	(6)	(6)	Common Stock	1,435	$0	9,748(7)	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. Shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of RSUs; no shares were sold by the reporting person.

3. Includes 2,116 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 9, 2026.

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

5. These restricted stock units vested on March 6, 2026.

6. These restricted stock units vested on March 7, 2026.

7. The restricted stock units vest as follows: 1,436 units on March 7, 2027; 1,664 units on February 27, 2027; 1,665 units on February 27, 2028; 1,661 units on February 17, 2027; 1,661 units on February 17, 2028; and 1,661 units on February 17, 2029.

Remarks:

	/s/ Christy Lombardi, Attorney in Fact for Brian Scot Ebron	03/09/2026
	** 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 did SHBI executive Brian Scot Ebron report in this Form 4?

Brian Scot Ebron reported RSU vestings that converted into Shore Bancshares common stock and related tax share withholdings. The activity reflects equity compensation events rather than open-market trades, documenting how his stock-based awards turned into shares and how taxes were handled in shares.

How many Shore Bancshares RSUs did Ebron convert into common stock?

Ebron converted 1,192 RSUs on March 6, 2026 and 1,435 RSUs on March 7, 2026 into the same number of common shares. Footnotes state each restricted stock unit converts into one share of SHBI common stock upon vesting, reflecting standard equity compensation mechanics.

Were any SHBI shares sold by Ebron in this Form 4 filing?

No shares were sold by Ebron. Shares indicated under transaction code “F” were withheld by Shore Bancshares to cover tax withholding obligations on RSU vesting. A footnote clarifies these are issuer withholdings for taxes, not discretionary open-market sales by the executive.

How many SHBI common shares does Ebron hold directly after these transactions?

After the reported transactions, Ebron directly holds 26,388 Shore Bancshares common shares. This reflects RSU conversions into stock and the issuer’s tax withholding in shares, providing an updated view of his direct ownership position following the March 2026 vesting events.

What indirect SHBI holdings are reported for Ebron in this Form 4?

The filing shows 36,967 Shore Bancshares common shares held indirectly by an IRA. A footnote explains this amount includes 2,116 shares acquired under the Shore Bancshares Employee Stock Purchase Plan as of March 9, 2026, highlighting part of his broader beneficial ownership.

What future RSU vesting schedule is disclosed for SHBI awards to Ebron?

A footnote lists remaining RSUs vesting on several future dates: 1,436 units on March 7, 2027 and multiple 1,661–1,665 unit tranches between February 17, 2027 and February 17, 2029. These scheduled vestings outline forthcoming stock-based compensation for the executive.