Shore Bancshares (SHBI) CRO nets RSU share conversions after tax withholdings
Rhea-AI Filing Summary
Shore Bancshares EVP and Chief Risk Officer Talal Tay reported multiple equity award transactions. On March 6 and 7, 2026, restricted stock units converted into common stock on a one-for-one basis, resulting in acquisitions of 994 and 1,196 shares of common stock at a stated price of $0.00 per share through derivative exercises.
On both dates, portions of the newly issued shares, 324 and 380 shares, were withheld by the issuer to satisfy tax withholding obligations in connection with RSU vesting, and no shares were sold by the reporting person. Following these transactions, Tay directly held 16,683 shares of common stock and 8,428 restricted stock units, which include 1,969 shares acquired under the employee stock purchase plan as of March 9, 2026. Certain remaining restricted stock units are scheduled to vest in specified annual installments through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,196 | $0.00 | -- |
| Exercise | Common Stock | 1,196 | $0.00 | -- |
| Tax Withholding | Common Stock | 380 | $0.00 | -- |
| Exercise | Restricted Stock Units | 994 | $0.00 | -- |
| Exercise | Common Stock | 994 | $0.00 | -- |
| Tax Withholding | Common Stock | 324 | $0.00 | -- |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of RSUs; no shares were sold by the reporting person. Includes 1,969 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 9, 2026. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. These restricted stock units vested on March 6, 2026. These restricted stock units vested on March 7, 2026. The restricted stock units vest as follows: 1,196 units on March 7, 2027; 1,393 units on February 27, 2027; 1,394 units on February 27, 2028; 1,083 units on February 17, 2027; 1,083 units on February 17, 2028; and 1,083 units on February 17, 2029.
