4//SEC Filing
SLATER A JOSEPH JR 4
Accession 0001104659-23-078364
CIK 0001035092other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 9:28 PM ET
Size
7.9 KB
Accession
0001104659-23-078364
Insider Transaction Report
Form 4
SLATER A JOSEPH JR
Director
Transactions
- Award
Common Stock
2023-07-01+62,311→ 62,311 total - Award
Restricted Stock Units
2023-07-01+692→ 692 total→ Common Stock (692 underlying)
Footnotes (5)
- [F1]On July 1, 2023, the company formerly known as The Community Financial Corporation ("TCFC") merged with and into Shore Bancshares Inc. (the "Issuer"). The indicated shares were received in exchange for 26,758 shares of TCFC (which includes 696 TCFC RSAs that remain subject to vesting as previously reported by TCFC) in connection with merger.
- [F2]At the effective time of the merger, each share of TCFC common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 2.3287 of a share of the Issuer's common stock, with fractional shares settled in cash, pursuant to the Agreement and Plan of Merger, dated December 14, 2022, by and between TCFC and the Issuer.
- [F3]Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
- [F4]The restricted stock units vest on September 28, 2023.
- [F5]The indicated RSUs were received in exchange for 297 RSUs of TCFC in connection with merger.
Documents
Issuer
SHORE BANCSHARES INC
CIK 0001035092
Entity typeother
Related Parties
1- filerCIK 0001238316
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 9:28 PM ET
- Size
- 7.9 KB