Shore Bancshares (SHBI) director reports 2,310 RSUs vesting and more shares
Rhea-AI Filing Summary
Shore Bancshares Inc. director Edward Lawrence Sanders III reported the vesting and conversion of 2,310 restricted stock units into common stock on July 29, 2026. This brought his direct common-stock holdings to 72,856 shares, with 1,855 restricted stock units scheduled to vest on May 21, 2027, plus additional indirect holdings through IRAs and a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,310 shares
Net Buy
5 txns
Insider
Sanders Edward Lawrence III
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 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,855 shares (Direct);
Common Stock — 72,856 shares (Direct);
Common Stock — 10,515 shares (Indirect, By IRA);
Common Stock — 5,958 shares (Indirect, By Spouse's IRA);
Common Stock — 6,447 shares (Indirect, By Trust)
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 vested and converted: 2,310 shares
Direct common shares after transaction: 72,856 shares
RSUs remaining to vest: 1,855 units
+3 more
6 metrics
RSUs vested and converted
2,310 shares
Restricted stock units converting into Shore Bancshares common stock on July 29, 2026
Direct common shares after transaction
72,856 shares
Direct ownership of Shore Bancshares common stock following reported transactions
RSUs remaining to vest
1,855 units
Restricted stock units scheduled to vest on May 21, 2027
Common shares by IRA
10,515 shares
Indirect ownership through an IRA account
Common shares by spouse's IRA
5,958 shares
Indirect ownership through spouse’s IRA
Common shares by trust
6,447 shares
Indirect ownership through a trust
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 regulatory
"Dividend Reinvestment Plan pursuant to Rule 16a-11."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Edward Lawrence Sanders III report for SHBI?
Edward Lawrence Sanders III reported 2,310 restricted stock units vesting and converting into Shore Bancshares common stock on July 29, 2026, increasing his direct holdings to 72,856 shares and leaving 1,855 restricted stock units scheduled to vest on May 21, 2027.
What restricted stock units remain for Edward Sanders in SHBI?
Following the July 29, 2026 vesting, Sanders retains 1,855 restricted stock units tied to Shore Bancshares common stock. According to the disclosure, these remaining units are scheduled to vest on May 21, 2027, representing a future contingent right to receive common shares.
What indirect SHBI holdings does Sanders report in this Form 4?
Sanders reports indirect ownership of Shore Bancshares common stock through retirement and trust accounts: 10,515 shares by an IRA, 5,958 shares by his spouse’s IRA, and 6,447 shares by a trust, in addition to his separately reported direct holdings.