Shore Bancshares (SHBI) director increases holdings as 2,310 RSUs vest
Rhea-AI Filing Summary
Shore Bancshares Inc. director Louis P. Jenkins Jr. reported the vesting and conversion of 2,310 restricted stock units into 2,310 shares of common stock on July 29, 2026. Following the transaction, he directly owns 64,510 common shares and holds 1,855 unvested restricted stock units scheduled to vest on May 21, 2027. The increase in common stock is described as an exempt acquisition under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,310 shares
Net Buy
2 txns
Insider
JENKINS LOUIS P JR
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 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,855 shares (Direct);
Common Stock — 64,510 shares (Direct)
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
Restricted stock units converted: 2,310 units
Common stock holdings after transaction: 64,510 shares
Unvested restricted stock units remaining: 1,855 units
3 metrics
Restricted stock units converted
2,310 units
RSUs vested and converted into common stock on July 29, 2026
Common stock holdings after transaction
64,510 shares
Direct SHBI common shares owned by Louis P. Jenkins Jr. following the conversion
Unvested restricted stock units remaining
1,855 units
Restricted stock units scheduled to vest on May 21, 2027
Key Terms
Restricted Stock Units, Dividend Reinvestment Plan, Rule 16a-11, beneficial ownership, +1 more
5 terms
Restricted Stock Units financial
"Security title reported as Restricted Stock Units that convert into 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
"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.
Rule 16a-11 regulatory
"Acquisition described as exempt pursuant to Rule 16a-11"
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.
vested financial
"These restricted stock units vested on July 29, 2026"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did SHBI director Louis P. Jenkins Jr. report in this Form 4?
Louis P. Jenkins Jr. reported that 2,310 restricted stock units vested and converted into 2,310 shares of SHBI common stock on July 29, 2026. This was recorded as an exercise or conversion of a derivative security rather than an open-market purchase or sale.
How many restricted stock units remain unvested for Louis P. Jenkins Jr. at SHBI?
Following the vesting of 2,310 units, 1,855 restricted stock units remain unvested for Louis P. Jenkins Jr. The filing states that these remaining units are scheduled to vest on May 21, 2027, providing a future contingent right to receive SHBI common stock.
At what ratio were SHBI restricted stock units converted into common stock for Louis P. Jenkins Jr.?
The restricted stock units converted into SHBI common stock on a one-for-one basis. Footnotes explain that each restricted stock unit represents a contingent right to receive one share of SHBI common stock, so 2,310 units produced 2,310 common shares upon vesting.