Shore Bancshares director John Lamon exercises 2,310 RSUs
Shore Bancshares director John Lamon reported the vesting and conversion of 2,310 restricted stock units into the same number of shares of SHBI common stock on July 29, 2026.
Rhea-AI Filing Summary
Shore Bancshares director John Lamon reported the vesting and conversion of 2,310 restricted stock units into the same number of shares of SHBI common stock on July 29, 2026. Following this exercise, he holds 64,822 common shares directly and 1,855 restricted stock units scheduled to vest on May 21, 2027. The reported increase in beneficial ownership reflects shares acquired under Shore Bancshares’ dividend reinvestment plan pursuant to Rule 16a-11.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,310 shares exercised/converted
Exercise
2 txns
Insider
LAMON JOHN
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 contracts (Direct);
Common Stock — 64,822 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
RSUs converted: 2310.0000 shares
Common shares acquired: 2310.0000 shares
Post-transaction common shares: 64822.0000 shares
+1 more
4 metrics
RSUs converted
2310.0000 shares
Restricted stock units vested and converted to common stock on July 29, 2026
Common shares acquired
2310.0000 shares
Common stock received upon exercise/conversion of restricted stock units
Post-transaction common shares
64822.0000 shares
Direct SHBI common stock holdings after July 29, 2026 transactions
Unvested restricted stock units
1855.0000 units
RSUs remaining after the transaction, scheduled to vest on May 21, 2027
Key Terms
Restricted Stock Units, Dividend Reinvestment Plan, Rule 16a-11, beneficial ownership
4 terms
Restricted Stock Units financial
"Security title reported as Restricted Stock Units for derivative transaction"
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 of common stock under Shore Bancshares Dividend Reinvestment Plan 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did John Lamon report in his Form 4 for SHBI on July 29, 2026?
John Lamon reported the vesting and conversion of 2,310 restricted stock units into 2,310 shares of SHBI common stock on July 29, 2026. This derivative exercise shifted value from restricted units into directly held common shares without a reported open-market trade.
How many SHBI restricted stock units remain unvested for John Lamon?
Following the July 29, 2026 vesting event, John Lamon retains 1,855 restricted stock units tied to SHBI. According to the disclosure, these remaining units are scheduled to vest on May 21, 2027, representing a future potential issuance of the same number of common shares.
How do SHBI restricted stock units convert into common stock for John Lamon?
Each SHBI restricted stock unit held by John Lamon represents a contingent right to receive one share of SHBI common stock. In this transaction, 2,310 RSUs vested and converted on a one-for-one basis into 2,310 common shares, consistent with the plan terms described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
