Shore Bancshares (SHBI) director awarded 1,855 RSUs, total 4,165 units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CLEMMER R. MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
SHORE BANCSHARES INC director R. Michael Clemmer received a grant of 1,855 Restricted Stock Units (RSUs) on May 21, 2026. Each RSU represents a contingent right to one share of SHBI common stock, and this award vests on May 21, 2027.
After this grant, Clemmer holds 4,165 RSUs in total, including 2,310 RSUs scheduled to vest on July 29, 2026. He also holds 29,991 shares of common stock directly and 350 shares indirectly through a child, with a recent increase in beneficial ownership noted under the company’s Dividend Reinvestment Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
CLEMMER R. MICHAEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,855 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,165 shares (Direct, null);
Common Stock — 29,991 shares (Direct, null);
Common Stock — 350 shares (Indirect, By Child)
Footnotes (1)
- 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. 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. Represents restricted stock units that vest on May 21, 2027, the first anniversary of the award. Restricted stock units vest as follows: 1,855 shares on May 21, 2027.
Key Figures
New RSU grant: 1,855 units
Total RSUs after grant: 4,165 units
RSUs vesting July 29, 2026: 2,310 units
+3 more
6 metrics
New RSU grant
1,855 units
Restricted Stock Units granted May 21, 2026
Total RSUs after grant
4,165 units
Restricted Stock Units held following transaction
RSUs vesting July 29, 2026
2,310 units
Restricted Stock Units vesting on July 29, 2026
RSUs vesting May 21, 2027
1,855 units
Restricted Stock Units vesting on May 21, 2027
Direct common shares
29,991 shares
SHBI common stock held directly after transaction
Indirect common shares
350 shares
SHBI common stock held indirectly by child
Key Terms
Restricted Stock Units, Dividend Reinvestment Plan, Rule 16a-11, beneficial ownership
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of SHBI 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
"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."
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
"Exempt 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 of common stock under Shore Bancshares Dividend Reinvestment Plan."
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
What insider transaction did SHBI director R. Michael Clemmer report?
R. Michael Clemmer reported receiving 1,855 Restricted Stock Units in SHORE BANCSHARES INC stock. These RSUs were granted on May 21, 2026 and represent contingent rights to receive common shares if vesting conditions are met.
How many Restricted Stock Units does SHBI director Clemmer now hold in total?
Following the recent grant, Clemmer holds 4,165 Restricted Stock Units tied to SHBI common stock. This total includes a prior 2,310-unit award plus the new 1,855-unit grant, all representing potential future share deliveries upon vesting.
When do R. Michael Clemmer’s SHBI Restricted Stock Units vest?
Clemmer has 2,310 RSUs scheduled to vest on July 29, 2026 and 1,855 RSUs vesting on May 21, 2027. Vesting means these contingent units convert into SHORE BANCSHARES INC common shares if conditions are satisfied.
What does each SHBI Restricted Stock Unit represent for Clemmer?
Each Restricted Stock Unit represents a contingent right to receive one share of SHBI common stock. Actual share delivery depends on the RSUs vesting according to their specified schedules and any related service or performance conditions.
How was Clemmer’s beneficial ownership in SHBI recently increased?
The filing states that Clemmer’s beneficial ownership increased due to an exempt acquisition of SHBI common stock through the Shore Bancshares Dividend Reinvestment Plan, made pursuant to SEC Rule 16a-11 governing certain automatic reinvestment programs.