Shore Bancshares director exercises 2,310 RSUs
Shore Bancshares Inc. director Michael Brian Adams exercised 2,310 restricted stock units on July 29, 2026, converting them into 2,310 shares of common stock at $0.00 per share.
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Form Type
4
Rhea-AI Filing Summary
Shore Bancshares Inc. director Michael Brian Adams exercised 2,310 restricted stock units on July 29, 2026, converting them into 2,310 shares of common stock at $0.00 per share. His direct common stock holdings increased to 48,416 shares, with an additional 10,110 shares held indirectly in a Roth IRA. A remaining 1,855 restricted stock units are scheduled to vest on May 21, 2027.
Insider Trade Summary
2,310 shares exercised/converted
Exercise
3 txns
Insider
Adams Michael Brian
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 F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,855 contracts (Direct);
Common Stock — 48,416 shares (Direct);
Common Stock — 10,110 shares (Indirect, By Roth IRA)
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 Exercised: 2,310 units
Exercise Price: $0.00 per share
Direct Holdings After: 48,416 shares
+3 more
6 metrics
RSUs Exercised
2,310 units
Restricted stock units converted into common stock on July 29, 2026
Exercise Price
$0.00 per share
Price for conversion of 2,310 restricted stock units into common stock
Direct Holdings After
48,416 shares
Direct common stock owned by Michael Brian Adams after transactions
Indirect Holdings After
10,110 shares
Common stock held indirectly through a Roth IRA
Unvested RSUs
1,855 units
Restricted stock units scheduled to vest on May 21, 2027
Vesting Date
July 29, 2026
Date 2,310 restricted stock units vested into common stock
Key Terms
Restricted Stock Units, Dividend Reinvestment Plan, beneficial ownership, Rule 16a-11
4 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.
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.
Rule 16a-11 financial
"under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SHBI director Michael Brian Adams report?
Michael Brian Adams reported the exercise of 2,310 restricted stock units, which converted into 2,310 shares of Shore Bancshares common stock at $0.00 per share. This vesting event increased his direct ownership and reduced his unvested restricted stock unit balance.
What indirect SHBI holdings does Michael Brian Adams report?
In addition to direct holdings, Michael Brian Adams reports 10,110 SHBI shares held indirectly through a Roth IRA. These indirect holdings are separate from his 48,416 directly held shares and are included in his overall beneficial ownership of Shore Bancshares stock.
What are the future vesting obligations for Michael Brian Adams’s SHBI restricted stock units?
Michael Brian Adams has 1,855 restricted stock units scheduled to vest on May 21, 2027. Each unit represents a contingent right to receive one share of SHBI common stock, which will increase his share ownership when the vesting condition is satisfied.
How do the SHBI restricted stock units convert into common stock?
Each restricted stock unit held by Michael Brian Adams converts one-for-one into SHBI common stock upon vesting. The 2,310 units that vested on July 29, 2026, became 2,310 shares, while 1,855 units remain unvested and are scheduled to vest in 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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