Shore Bancshares director gains 2,310 shares
Shore Bancshares Inc director R. Michael Clemmer reported the vesting and conversion of 2,310 restricted stock units into an equal number of common shares on July 29, 2026 at no exercise price.
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Form Type
4
Rhea-AI Filing Summary
Shore Bancshares Inc director R. Michael Clemmer reported the vesting and conversion of 2,310 restricted stock units into an equal number of common shares on July 29, 2026 at no exercise price. After this event, he directly holds 32,466 common shares, plus 1,855 unvested RSUs scheduled to vest on May 21, 2027, and 350 shares held indirectly through a child.
Insider Trade Summary
2,310 shares exercised/converted
Exercise
3 txns
Insider
CLEMMER R. MICHAEL
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 | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,855 contracts (Direct);
Common Stock — 32,466 shares (Direct);
Common Stock — 350 shares (Indirect, By Child)
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: 2,310 units
Direct common shares after transaction: 32,466 shares
Unvested RSUs remaining: 1,855 units
+3 more
6 metrics
RSUs converted
2,310 units
Restricted stock units converted into common stock on July 29, 2026
Direct common shares after transaction
32,466 shares
Direct Shore Bancshares common stock holdings following the July 29, 2026 conversion
Unvested RSUs remaining
1,855 units
Restricted stock units scheduled to vest on May 21, 2027
Indirect holdings
350 shares
Common stock held indirectly by a child after the reported transactions
Exercise price for RSU conversion
$0.00 per share
Conversion of restricted stock units into common stock on July 29, 2026
Transaction date
July 29, 2026
Date on which the restricted stock units vested and converted
Key Terms
Restricted stock units, Dividend Reinvestment Plan, Rule 16a-11, beneficial ownership, +1 more
5 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis."
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
"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"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What restricted stock units remain outstanding for SHBI director Clemmer and when do they vest?
Clemmer continues to hold 1,855 restricted stock units after the July 29, 2026 vesting. According to the disclosed vesting schedule, these remaining units are expected to vest on May 21, 2027, potentially converting into an equal number of common shares.
Were Clemmer’s SHBI transactions reported under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox indicates the transactions were not made pursuant to a Rule 10b5-1 trading plan. This suggests the timing was not tied to a pre-arranged automatic trading arrangement under that rule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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