Shore Bancshares director granted 1,855 RSUs
Shore Bancshares director Rebecca Middleton McDonald received a new equity award in the form of restricted stock units (RSUs).
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Form Type
4
Rhea-AI Filing Summary
Shore Bancshares director Rebecca Middleton McDonald received a new equity award in the form of restricted stock units (RSUs). She was granted 1,855 RSUs, each representing one share of SHBI common stock, bringing her direct RSU holdings to 4,165 units.
The filing notes an increase in beneficial ownership through an exempt acquisition under the Shore Bancshares Dividend Reinvestment Plan and reports that 54,024 common shares previously held directly are now held in a trust for which she serves as trustee. Existing RSUs for 2,310 shares vest on July 29, 2026, and the new 1,855-unit award vests on May 21, 2027.
Insider Trade Summary
Grant/Award: 1,855 shares
Grant/Award
6 txns
Insider
McDonald Rebecca Middleton
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,855 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,475 contracts for 2,310 underlying shares (Direct);
Common Stock — 54,024 shares (Indirect, By Trust for R. McDonald);
Common Stock — 7,957 shares (Direct);
Common Stock — 19,515 shares (Indirect, By Trustee for BMF Trust);
Common Stock — 17,187 shares (Indirect, By Trustee for EFD IR Trust)
Footnotes (7)
- F1. 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.
- F2. Since the reporting person's last report, 54,024 shares previously held directly have been transferred and are now held in a trust for which Ms. McDonald is acting as trustee.
- F3. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
- F4. Represents restricted stock units that vest on July 29, 2026, the first anniversary of the award.
- F5. Restricted stock units vest as follows: 2,310 shares on July 29, 2026.
- F6. Represents restricted stock units that vest on May 21, 2027, the first anniversary of the award.
- F7. 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
Existing RSUs vesting: 2,310 shares
+5 more
8 metrics
New RSU grant
1,855 units
Restricted stock units granted to director on May 21, 2026
Total RSUs after grant
4,165 units
Direct restricted stock unit holdings following the transaction
Existing RSUs vesting
2,310 shares
RSUs scheduled to vest on July 29, 2026
New RSUs vesting
1,855 shares
RSUs scheduled to vest on May 21, 2027
Common shares in R. McDonald trust
54,024 shares
Shares now held in a trust where she is trustee
Common shares in BMF Trust
19,515 shares
Indirect ownership by trustee for BMF Trust
Common shares in EFD IR Trust
17,187 shares
Indirect ownership by trustee for EFD IR Trust
Direct common shares
7,957 shares
Directly held SHBI common stock following the update
Key Terms
Restricted Stock Units, Dividend Reinvestment Plan, beneficial ownership, Rule 16a-11, +1 more
5 terms
Restricted Stock Units financial
"Represents restricted stock units that vest on July 29, 2026, the first anniversary of the award."
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.
beneficial ownership 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."
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.
Rule 16a-11 regulatory
"exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11."
trustee financial
"are now held in a trust for which Ms. McDonald is acting as trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many restricted stock units does Rebecca McDonald now hold in SHBI?
After the reported award, Rebecca McDonald directly holds 4,165 restricted stock units tied to SHBI common stock. These RSUs represent a contingent right to receive 4,165 shares upon vesting, split between prior grants and the new 1,855-unit award disclosed in this filing.
When do Rebecca McDonald’s SHBI restricted stock units vest?
Existing restricted stock units for 2,310 SHBI shares vest on July 29, 2026. The newly granted 1,855 restricted stock units vest on May 21, 2027. Each RSU converts into one share of SHBI common stock at vesting, subject to the plan’s terms and conditions.
How did the SHBI dividend reinvestment plan affect Rebecca McDonald’s holdings?
A footnote explains there was an increase in Rebecca McDonald’s beneficial ownership through an exempt acquisition of common stock under the Shore Bancshares Dividend Reinvestment Plan. This increase occurred pursuant to SEC Rule 16a-11 and is reflected in the updated share totals reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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