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[Form 4] Shore Bancshares Inc Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Shore Bancshares, Inc. (SHBI) Form 4 highlights: EVP & Chief Legal Officer Andrea E. Colender reported the conversion of 995 restricted stock units (RSUs) into an equal number of common shares on 01-Jul-2025 (Transaction Code M). The RSUs vested at no cash cost, increasing her direct share ownership to 26,972 shares. An additional 3,292 shares are held indirectly in an IRA. Following the transaction, Colender still holds 6,156 unvested RSUs scheduled to vest between 2026-2028. The filing represents a routine equity grant vesting rather than an open-market purchase, but it modestly raises insider equity alignment.

Shore Bancshares, Inc. (SHBI) Form 4 in evidenza: Andrea E. Colender, EVP e Chief Legal Officer, ha segnalato la conversione di 995 unit脿 azionarie vincolate (RSU) in un pari numero di azioni ordinarie il 01-lug-2025 (Codice Transazione M). Le RSU sono state maturate senza alcun costo in contanti, aumentando la sua posizione diretta a 26.972 azioni. Ulteriori 3.292 azioni sono detenute indirettamente in un IRA. Dopo la transazione, Colender detiene ancora 6.156 RSU non ancora maturate previste per maturare tra il 2026 e il 2028. La comunicazione rappresenta una normale maturazione di un premio azionario e non un acquisto sul mercato aperto, ma aumenta leggermente l鈥檃llineamento azionario degli insider.

Aspectos destacados del Formulario 4 de Shore Bancshares, Inc. (SHBI): Andrea E. Colender, EVP y Chief Legal Officer, report贸 la conversi贸n de 995 unidades restringidas de acciones (RSUs) en un n煤mero igual de acciones comunes el 01-jul-2025 (C贸digo de Transacci贸n M). Las RSUs se consolidaron sin costo en efectivo, aumentando su propiedad directa a 26,972 acciones. Adem谩s, 3,292 acciones se mantienen indirectamente en una IRA. Tras la transacci贸n, Colender a煤n posee 6,156 RSUs no consolidadas que se consolidar谩n entre 2026 y 2028. La presentaci贸n representa una consolidaci贸n rutinaria de una concesi贸n de acciones y no una compra en el mercado abierto, pero aumenta modestamente la alineaci贸n accionaria interna.

Shore Bancshares, Inc. (SHBI) Form 4 欤检殧 雮挫毄: EVP 瓴� 斓滉碃氩曤毂呾瀯鞛愳澑 Andrea E. Colender臧� 2025雲� 7鞗� 1鞚检棎 995臧滌潣 鞝滍暅 欤检嫕 雼渼(RSU)毳� 霃欖澕 靾橃潣 氤错喌欤茧 鞝勴櫂頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟(瓯半灅 旖旊摐 M). 頃措嫻 RSU電� 順勱笀 牍勳毄 鞐嗢澊 氩犾姢韺呺悩鞏� 攴鸽厐鞚� 歆侅爲 欤检嫕 氤挫湢霟夓澊 26,972欤茧 歃濌皜頄堨姷雼堧嫟. 於旉皜搿� 3,292欤茧姅 IRA鞐� 臧勳爲 氤挫湢 欷�鞛呺媹雼�. 瓯半灅 頉� Colender電� 鞐爠頌� 2026雲勲秬韯� 2028雲� 靷澊鞐� 氩犾姢韺� 鞓堨爼鞚� 6,156臧滌潣 氙鸽矤鞀ろ寘 RSU毳� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 鞚措矆 鞁犼碃電� 瓿店皽 鞁滌灔 毵れ垬臧� 鞎勲媽 鞝曣赴鞝侅澑 欤检嫕 氤挫儊 氩犾姢韺呾潉 雮橅儉雮措┌ 雮措秬鞛� 歆�攵� 鞝曤牞鞚� 雼れ唽 雴掛榾鞀惦媹雼�.

Points cl茅s du Formulaire 4 de Shore Bancshares, Inc. (SHBI) : Andrea E. Colender, EVP et Chief Legal Officer, a d茅clar茅 la conversion de 995 unit茅s d鈥檃ctions restreintes (RSU) en un nombre 茅gal d鈥檃ctions ordinaires le 01-juil-2025 (code de transaction M). Les RSU ont 茅t茅 acquises sans co没t en esp猫ces, augmentant sa participation directe 脿 26 972 actions. De plus, 3 292 actions sont d茅tenues indirectement dans un IRA. Apr猫s cette op茅ration, Colender d茅tient encore 6 156 RSU non acquises pr茅vues pour 锚tre acquises entre 2026 et 2028. Ce d茅p么t repr茅sente une acquisition r茅guli猫re de droits sur actions plut么t qu鈥檜n achat sur le march茅 ouvert, mais augmente modestement l鈥檃lignement des int茅r锚ts des initi茅s.

Shore Bancshares, Inc. (SHBI) Form 4 Highlights: EVP und Chief Legal Officer Andrea E. Colender meldete die Umwandlung von 995 Restricted Stock Units (RSUs) in eine gleiche Anzahl von Stammaktien am 01. Juli 2025 (Transaktionscode M). Die RSUs wurden ohne Baraufwand vestet, wodurch ihr direkter Aktienbesitz auf 26.972 Aktien anstieg. Zus盲tzlich werden 3.292 Aktien indirekt in einem IRA gehalten. Nach der Transaktion h盲lt Colender weiterhin 6.156 nicht vestete RSUs, die zwischen 2026 und 2028 vesten sollen. Die Meldung stellt eine routinem盲脽ige Aktienzuteilung dar und keinen Kauf am offenen Markt, erh枚ht jedoch leicht die Insider-Aktienausrichtung.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU vesting; minor direct ownership increase, neutral market impact.

The filing shows Colender converting 995 RSUs, boosting direct holdings by ~4%. With 26,972 shares now owned directly and 3,292 indirectly, her total equity stake remains small relative to SHBI鈥檚 ~12 m outstanding shares, limiting signaling value. Because the shares were not bought on the open market, no incremental cash commitment occurred. The remaining 6,156 RSUs provide future retention incentives but create modest dilution already accounted for in share-based compensation expense. Overall, the transaction is administratively routine and unlikely to influence valuation or liquidity.

Shore Bancshares, Inc. (SHBI) Form 4 in evidenza: Andrea E. Colender, EVP e Chief Legal Officer, ha segnalato la conversione di 995 unit脿 azionarie vincolate (RSU) in un pari numero di azioni ordinarie il 01-lug-2025 (Codice Transazione M). Le RSU sono state maturate senza alcun costo in contanti, aumentando la sua posizione diretta a 26.972 azioni. Ulteriori 3.292 azioni sono detenute indirettamente in un IRA. Dopo la transazione, Colender detiene ancora 6.156 RSU non ancora maturate previste per maturare tra il 2026 e il 2028. La comunicazione rappresenta una normale maturazione di un premio azionario e non un acquisto sul mercato aperto, ma aumenta leggermente l鈥檃llineamento azionario degli insider.

Aspectos destacados del Formulario 4 de Shore Bancshares, Inc. (SHBI): Andrea E. Colender, EVP y Chief Legal Officer, report贸 la conversi贸n de 995 unidades restringidas de acciones (RSUs) en un n煤mero igual de acciones comunes el 01-jul-2025 (C贸digo de Transacci贸n M). Las RSUs se consolidaron sin costo en efectivo, aumentando su propiedad directa a 26,972 acciones. Adem谩s, 3,292 acciones se mantienen indirectamente en una IRA. Tras la transacci贸n, Colender a煤n posee 6,156 RSUs no consolidadas que se consolidar谩n entre 2026 y 2028. La presentaci贸n representa una consolidaci贸n rutinaria de una concesi贸n de acciones y no una compra en el mercado abierto, pero aumenta modestamente la alineaci贸n accionaria interna.

Shore Bancshares, Inc. (SHBI) Form 4 欤检殧 雮挫毄: EVP 瓴� 斓滉碃氩曤毂呾瀯鞛愳澑 Andrea E. Colender臧� 2025雲� 7鞗� 1鞚检棎 995臧滌潣 鞝滍暅 欤检嫕 雼渼(RSU)毳� 霃欖澕 靾橃潣 氤错喌欤茧 鞝勴櫂頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟(瓯半灅 旖旊摐 M). 頃措嫻 RSU電� 順勱笀 牍勳毄 鞐嗢澊 氩犾姢韺呺悩鞏� 攴鸽厐鞚� 歆侅爲 欤检嫕 氤挫湢霟夓澊 26,972欤茧 歃濌皜頄堨姷雼堧嫟. 於旉皜搿� 3,292欤茧姅 IRA鞐� 臧勳爲 氤挫湢 欷�鞛呺媹雼�. 瓯半灅 頉� Colender電� 鞐爠頌� 2026雲勲秬韯� 2028雲� 靷澊鞐� 氩犾姢韺� 鞓堨爼鞚� 6,156臧滌潣 氙鸽矤鞀ろ寘 RSU毳� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 鞚措矆 鞁犼碃電� 瓿店皽 鞁滌灔 毵れ垬臧� 鞎勲媽 鞝曣赴鞝侅澑 欤检嫕 氤挫儊 氩犾姢韺呾潉 雮橅儉雮措┌ 雮措秬鞛� 歆�攵� 鞝曤牞鞚� 雼れ唽 雴掛榾鞀惦媹雼�.

Points cl茅s du Formulaire 4 de Shore Bancshares, Inc. (SHBI) : Andrea E. Colender, EVP et Chief Legal Officer, a d茅clar茅 la conversion de 995 unit茅s d鈥檃ctions restreintes (RSU) en un nombre 茅gal d鈥檃ctions ordinaires le 01-juil-2025 (code de transaction M). Les RSU ont 茅t茅 acquises sans co没t en esp猫ces, augmentant sa participation directe 脿 26 972 actions. De plus, 3 292 actions sont d茅tenues indirectement dans un IRA. Apr猫s cette op茅ration, Colender d茅tient encore 6 156 RSU non acquises pr茅vues pour 锚tre acquises entre 2026 et 2028. Ce d茅p么t repr茅sente une acquisition r茅guli猫re de droits sur actions plut么t qu鈥檜n achat sur le march茅 ouvert, mais augmente modestement l鈥檃lignement des int茅r锚ts des initi茅s.

Shore Bancshares, Inc. (SHBI) Form 4 Highlights: EVP und Chief Legal Officer Andrea E. Colender meldete die Umwandlung von 995 Restricted Stock Units (RSUs) in eine gleiche Anzahl von Stammaktien am 01. Juli 2025 (Transaktionscode M). Die RSUs wurden ohne Baraufwand vestet, wodurch ihr direkter Aktienbesitz auf 26.972 Aktien anstieg. Zus盲tzlich werden 3.292 Aktien indirekt in einem IRA gehalten. Nach der Transaktion h盲lt Colender weiterhin 6.156 nicht vestete RSUs, die zwischen 2026 und 2028 vesten sollen. Die Meldung stellt eine routinem盲脽ige Aktienzuteilung dar und keinen Kauf am offenen Markt, erh枚ht jedoch leicht die Insider-Aktienausrichtung.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Colender Andrea E.
(Last) (First) (Middle)
18 E DOVER STREET
(Street)
EASTON MD 21601
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SHORE BANCSHARES INC [ SHBI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/01/2025 M 995 A (1) 26,972(2) D
Common Stock 3,292 I By IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (3) 07/01/2025 M 995 (4) (5) Common Stock 995 $0 6,156 D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. Includes 2,217 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of July 1, 2025.
3. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
4. Restricted stock units vested July 1, 2025.
5. The restricted stock units vest as follows: 1,104 units on March 7, 2026, 1,104 units on March 7, 2027, 1,316 units on February 27, 2026, 1,316 units on February 27, 2027 and 1,316 units on February 27, 2028.
Remarks:
/s/ Christy Lombardi, Attorney in Fact for Andrea E. Colender 07/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.

Source:

FAQ

What did SHBI EVP Andrea Colender report on the Form 4 filed 02-Jul-2025?

She converted 995 restricted stock units into common shares on 01-Jul-2025.

How many Shore Bancshares shares does Colender now own directly?

She owns 26,972 common shares directly after the transaction.

Was the transaction an open-market purchase?

No. Transaction Code M indicates an RSU conversion, not a market purchase.

How many unvested RSUs remain outstanding for Colender?

She retains 6,156 restricted stock units scheduled to vest between 2026 and 2028.

What is the potential impact of this Form 4 on SHBI shareholders?

Impact is neutral; it is a routine vesting event with minimal dilution and signaling effect.
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Shore Bancshares Inc

NASDAQ:SHBI

SHBI Rankings

#4405 Ranked by Market Cap
#1078 Ranked by Dividends

SHBI Latest News

Jul 24, 2025
Shore Bancshares, Inc. Reports 2025 Second Quarter Results
May 1, 2025
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
Apr 29, 2025
Shore Bancshares, Inc. Reports 2025 First Quarter Results
Apr 17, 2025
Shore Bancshares, Inc. Announces Appointment of Charles Cullum as Executive Vice President and Chief Financial Officer Following the Previously Announced Retirement of Chief Financial Officer
Jan 30, 2025
Shore Bancshares, Inc. Reports 2024 Fourth Quarter and Annual Results

SHBI Latest SEC Filings

Jul 25, 2025
[8-K] Shore Bancshares Inc Reports Material Event
Jul 24, 2025
[8-K] Shore Bancshares Inc Reports Material Event
Jul 2, 2025
[Form 4] Shore Bancshares Inc Insider Trading Activity
Jul 2, 2025
[Form 4] Shore Bancshares Inc Insider Trading Activity
Jul 2, 2025
[Form 4] Shore Bancshares Inc Insider Trading Activity

SHBI Stock Data

554.68M
30.44M
8.89%
59.68%
0.57%
Banks - Regional
National Commercial Banks
United States
EASTON