Shore Bancshares (SHBI) officer logs RSU conversions and tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shore Bancshares Inc Chief Strategy & Project Officer Amanda Lacey Pierce reported equity compensation activity involving restricted stock units (RSUs) and common stock. On March 6 and 7, 2026, RSUs converted into common stock on a one-for-one basis, adding 984 and 965 common shares, respectively, through derivative exercises.
On both dates, 350 and 335 common shares were withheld by the issuer to satisfy tax withholding obligations related to RSU vesting, and no shares were sold by the reporting person. Following these transactions, Pierce directly held 38,709 common shares and maintained additional indirect holdings through an IRA, spouse, and spouse IRA, as well as remaining unvested RSUs scheduled to vest between 2027 and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,949 shares exercised/converted
Mixed
9 txns
Insider
Pierce Lacey Amanda
Role
Chief Strategy&ProjectOfficer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 965 | $0.00 | -- |
| Exercise | Common Stock | 965 | $0.00 | -- |
| Tax Withholding | Common Stock | 335 | $0.00 | -- |
| Exercise | Restricted Stock Units | 984 | $0.00 | -- |
| Exercise | Common Stock | 984 | $0.00 | -- |
| Tax Withholding | Common Stock | 350 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,500 shares (Direct);
Common Stock — 39,394 shares (Direct);
Common Stock — 3,963 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 23,281 shares held jointly with spouse. Includes 1,270 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 9, 2026. Includes 1,270 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 9, 2026. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. These restricted stock units vested on March 6, 2026. These restricted stock units vested on March 7, 2026. The restricted stock units vest as follows; 966 units on March 7, 2027; 1,277 units on February 27, 2027; 1,278 units on February 27, 2028; 993 units on February 17, 2027; 993 units on February 17, 2028; and 993 units on February 17, 2029.
FAQ
What did SHBI officer Amanda Lacey Pierce report in this Form 4?
Amanda Lacey Pierce reported RSU vesting and related share movements. Restricted stock units converted into SHBI common stock, and some shares were withheld to cover tax obligations, reflecting routine equity compensation activity rather than open-market buying or selling of shares.
How many SHBI restricted stock units converted to common stock in this filing?
RSUs converted into common stock in two derivative exercises. On March 6, 2026, 984 units converted to common shares, and on March 7, 2026, 965 units converted, each on a one-for-one basis, increasing Amanda Lacey Pierce’s directly held common stock position.
How do the SHBI RSUs reported in this Form 4 vest over time?
Some RSUs vested on March 6 and 7, 2026, and converted into common stock. Remaining RSUs are scheduled to vest in tranches on future dates in 2027, 2028, and 2029, each unit representing a contingent right to receive one SHBI common share upon vesting.
Does this SHBI Form 4 indicate open-market buying or selling by the officer?
The filing indicates derivative exercises and tax-withholding dispositions, not open-market trades. RSUs converted into common stock, and certain shares were withheld by the issuer for taxes, so the activity reflects compensation-related events rather than discretionary market purchases or sales by the officer.