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Shore Bancshares Insider Ups Stake via DRIP, Receives RSU Grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

On 07/29/2025, Shore Bancshares (SHBI) director Louis P. Jenkins Jr. filed a Form 4 detailing two ownership updates.

  • Derivative grant: Jenkins received 2,310 restricted stock units (RSUs) at no cost. Each RSU converts to one common share and vests on 07/29/2026. Following the award, he holds 2,310 derivative securities directly.
  • Common shares: Table I shows Jenkins now beneficially owns 60,537 SHBI common shares. The footnote states this rise stems from an exempt acquisition under the company’s Dividend Reinvestment Plan (Rule 16a-11). No shares were sold or transferred.

The filing, signed 07/30/2025, reflects routine board compensation and continued participation in the DRIP, signaling sustained insider alignment without altering public float or signaling a directional view on the stock.

Positive

  • Director increased direct ownership through DRIP participation and accepted additional RSUs, reinforcing long-term alignment.

Negative

  • None.

Insights

TL;DR: Routine RSU grant and DRIP purchase; no sales—neutral signal for SHBI.

The Form 4 discloses a standard equity incentive: 2,310 RSUs vesting in one year. Such grants are typical for non-employee directors and do not immediately affect earnings or cash flow. Simultaneously, the director’s common-stock position increased via the dividend reinvestment plan, indicating continued long-term alignment but at immaterial volume relative to SHBI’s float. Absence of sales removes downside signaling. Overall, this filing is administrative rather than market-moving.

Insider JENKINS LOUIS P JR
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 2,310 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 2,310 shares (Direct); Common Stock — 60,537 shares (Direct)
Footnotes (1)
  1. The amount held reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under the 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.
Form 4 Insider Transactions: What Each Field Means →
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).
1. Name and Address of Reporting Person*
JENKINS LOUIS P JR
(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025
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 60,537(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) 07/29/2025 A 2,310 (3) (4) Common Stock 2,310 $0 2,310 D
Explanation of Responses:
1. The amount held reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under the 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.
Remarks:
/s/ Christy Lombardi, Attorney in Fact for Louis P. Jenkins Jr. 07/30/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many RSUs did SHBI director Louis P. Jenkins Jr. receive?

2,310 restricted stock units were granted on 07/29/2025.

When do the newly granted SHBI RSUs vest?

The RSUs fully vest on 07/29/2026.

Did the director sell any Shore Bancshares common shares?

No. The Form 4 reports no dispositions; only acquisitions and updated holdings.

What is the director’s total SHBI common-share ownership after the filing?

Jenkins now holds 60,537 common shares directly.

Under what rule was the common-stock acquisition exempt?

The increase occurred via the company’s Dividend Reinvestment Plan pursuant to Rule 16a-11.