HYATT ALAN J 4

What Happened

• Alan J. Hyatt, a director of Shore Bancshares, was reported as acquiring 1,855 restricted stock units (RSUs) on May 21, 2026. The Form 4 lists the acquisition price as $0.00 and classifies the transaction as a derivative award (code A).

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026.
• Reported amount: 1,855 RSUs acquired at $0.00 (derivative award).
• Vesting: Footnote indicates these RSUs vest on May 21, 2027 (each RSU equals a contingent right to one share).
• Footnote also notes the filing reflects an increase from an exempt acquisition under Shore Bancshares’ Dividend Reinvestment Plan (Rule 16a-11).
• Post-transaction beneficial ownership is not specified in the provided filing.
• Filing timing: transaction occurred May 21 and the Form 4 was filed May 26 (filed five days after the transaction date).

Context

• These are restricted stock units (contingent rights to receive shares at vesting), not an open-market purchase of shares; the economic and voting rights are generally not realized until the RSUs vest and are settled. This type of grant increases reported beneficial ownership but does not mean immediate share ownership or sale.