03/09/2026 | Press release | Distributed by Public on 03/09/2026 11:37
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (3) | 03/06/2026 | M | 6,260 | (4) | (4) | Common Stock | 6,260 | $ 0 | 34,502 | D | ||||
| Restricted Stock Units | (3) | 03/07/2026 | M | 4,679 | (5) | (5) | Common Stock | 4,679 | $ 0 | 29,823(6) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Burke James M 18 E DOVER STREET EASTON, MD 21601 |
X | President & CEO | ||
| /s/ Christy Lombardi, Attorney in Fact for James M. Burke | 03/09/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Restricted stock units convert into common stock on a one-for-one basis. |
| (2) | 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. |
| (3) | Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. |
| (4) | These restricted stock units vested on March 6, 2026. |
| (5) | These restricted stock units vested on March 7, 2026. |
| (6) | The restricted stock units vest as follows: 4,679 units on March 7, 2027; 5,806 units on February 27, 2027; 5,806 units on February 27, 2028; 4,510 units on February 17, 2027; 4,511 units on February 17, 2028; and 4,511 units on February 17, 2029. |