Shore Bancshares (SHBI) EVP boosts stock stake via RSU vesting and tax withholding

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Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Shore Bancshares EVP Christy Lombardi reported routine equity award activity. On February 27, 2026, 1,432 restricted stock units were exercised and converted into 1,432 shares of common stock at a stated price of $0.00 per share. To cover tax withholding on the RSU vesting, the issuer withheld 483 shares of common stock; no shares were sold by Lombardi in the market. After these transactions, Lombardi directly owned 56,169 shares of common stock and 10,210 restricted stock units, plus an additional 6,555 common shares held indirectly through an IRA, which includes 204 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 3, 2026.

Insider Trade Summary

1,432 shares exercised/converted

Mixed 4 txns

Insider Lombardi Christy

Role EVP, Chief Human Resources Ofc

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,432	$0.00	--
Exercise	Common Stock	1,432	$0.00	--
Tax Withholding	Common Stock	483	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 10,210 shares (Direct); Common Stock — 56,652 shares (Direct); Common Stock — 6,555 shares (Indirect, By IRA)

Footnotes (1)

Restricted stock units convert into common stock on a one-for-one basis. 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. Includes 204 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 3, 2026. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. These restricted stock units vested on February 27, 2026. The restricted stock units vest as follows: 340 units on March 6, 2026; 1,020 units on March 6, 2026; 1,325 units on March 7, 2026; 1,325 units on March 7, 2027; 1,432 units on February 27, 2027; 1,432 units on February 27, 2028; 1,112 units on February 17, 2027; 1,112 units on February 17, 2028; and 1,112 units on February 17, 2029.

Form 4 Insider Transactions: What Each Field Means →

03/03/2026 - 04:19 PM

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
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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^*

Lombardi Christy

(Last)

(First)

(Middle)

18 E DOVER STREET

(Street)

EASTON

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 Human Resources Ofc

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/27/2026		M		1,432	A	⁽¹⁾	56,652	D
Common Stock	02/27/2026		F		483⁽²⁾	D	$0	56,169⁽³⁾	D
Common Stock								6,555	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽⁴⁾	02/27/2026		M			1,432	⁽⁵⁾	⁽⁵⁾	Common Stock	1,432	$0	10,210⁽⁶⁾	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 204 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 3, 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 February 27, 2026.

6. The restricted stock units vest as follows: 340 units on March 6, 2026; 1,020 units on March 6, 2026; 1,325 units on March 7, 2026; 1,325 units on March 7, 2027; 1,432 units on February 27, 2027; 1,432 units on February 27, 2028; 1,112 units on February 17, 2027; 1,112 units on February 17, 2028; and 1,112 units on February 17, 2029.

Remarks:

	/s/ Christy Lombardi	03/03/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did SHBI executive Christy Lombardi report in this Form 4 filing?

Christy Lombardi reported the exercise of 1,432 restricted stock units into 1,432 Shore Bancshares common shares. The filing also shows tax-related share withholding and updated direct and IRA-held ownership positions in SHBI stock and restricted stock units.

Did SHBI’s Christy Lombardi sell any shares in the open market?

No open-market sales occurred. The filing shows 483 SHBI common shares were withheld by the issuer solely to satisfy tax withholding obligations on vesting RSUs, and a footnote explicitly states that no shares were sold by the reporting person.

How many SHBI common shares does Christy Lombardi own after these transactions?

After these transactions, Christy Lombardi directly owns 56,169 SHBI common shares. She also holds 6,555 additional shares indirectly through an IRA, giving her combined direct and IRA-held exposure to the company’s common stock alongside outstanding restricted stock units.

What happens to Christy Lombardi’s restricted stock units in this SHBI filing?

In this filing, 1,432 restricted stock units converted into 1,432 SHBI common shares as they vested. Lombardi continues to hold 10,210 restricted stock units after the transaction, each representing a contingent right to receive one share of SHBI common stock in the future.

How were taxes handled for the vested SHBI restricted stock units?

Taxes were handled through share withholding. The issuer retained 483 SHBI common shares to satisfy tax withholding obligations tied to the RSU vesting. A footnote clarifies that this was a tax-withholding disposition and not a voluntary sale by Christy Lombardi.

What additional SHBI shares are held in Christy Lombardi’s IRA?

Lombardi’s IRA holds 6,555 SHBI common shares indirectly. According to a footnote, this IRA position includes 204 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 3, 2026, supplementing her direct stock and RSU holdings.