JENKINS LOUIS P JR 4

What Happened

• Louis P. Jenkins Jr., a director of Shore Bancshares, was granted 1,855 restricted stock units (RSUs) on May 21, 2026. The award was reported as an acquisition at $0.00 per share (standard for RSUs), so the grant had no immediate cash value on the Form 4.

Key Details

• Transaction date: 2026-05-21; Report filed: 2026-05-26 (filed after the usual two-business-day window for Form 4s).
• Grant details: 1,855 RSUs granted, recorded at $0.00 per share.
• Vesting: These 1,855 RSUs vest on May 21, 2027 (first anniversary of the award) per the filing (footnote F6).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Other notable footnotes: F1 notes an increase in beneficial ownership from a dividend reinvestment plan under Rule 16a-11; F2–F5 describe that each RSU converts to one common share on vesting and reference additional RSU tranches (e.g., 2,310 RSUs vesting July 29, 2026).

Context

• RSUs are a deferred-compensation award that convert into shares only upon vesting; they do not require immediate cash payment and are not an open-market purchase or sale. This filing reports the grant itself, not a sale or exercise of options. The later filing date suggests the Form 4 was submitted after the typical two-business-day reporting window.