03/03/2026 | Press release | Distributed by Public on 03/03/2026 15:27
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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 | (4) | 02/27/2026 | M | 1,664 | (5) | (5) | Common Stock | 1,664 | $ 0 | 12,375(6) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Ebron Brian Scot 18 E DOVER STREET EASTON, MD 21601 |
EVP, Chief Banking Officer | |||
| /s/ Christy Lombardi, Attorney in Fact for Brian Scot Ebron | 03/03/2026 | |
| **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) | Includes 2,116 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 3, 2026. |
| (4) | Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. |
| (5) | These restricted stock units vested on February 27, 2026. |
| (6) | The restricted stock units vest as follows: 298 units on March 6, 2026; 894 units on March 6, 2026; 1,435 units on March 7, 2026; 1,436 units on March 7, 2027; 1,664 units on February 27, 2027; 1,665 units on February 27, 2028; 1,661 units on February 17, 2027; 1,661 units on February 17, 2028; and 1,661 units on February 17, 2029. |