JENKINS LOUIS P JR 4

What Happened

• Louis P. Jenkins Jr., a director of Shore Bancshares, had 2,310 restricted stock units (RSUs) vest and convert into 2,310 shares on July 29, 2026. The filing records an acquisition/conversion of 2,310 shares (derivative exercise/conversion) and a corresponding disposition of 2,310 shares at $0.00 (derivative). No cash value is reported for the conversion; the reported $0 disposition is recorded on the Form 4.

Key Details

• Transaction date: July 29, 2026
• Acquired: 2,310 shares via conversion/exercise of derivative (RSUs) — price N/A
• Disposed: 2,310 shares @ $0.00 (derivative), total $0 reported
• Shares owned after transaction: not specified in the filing
• Footnotes of note:
  • RSUs convert one-for-one into common stock and each RSU is a contingent right to one share (F1, F3).
  • These RSUs vested on July 29, 2026 (F4).
  • Remaining RSU vesting: 1,855 units scheduled to vest May 21, 2027 (F5).
• Filing timeliness: Form filed July 31, 2026 for the July 29 transaction (appears timely under the two-business-day rule).

Context

• This filing reflects RSU vesting and conversion to common shares — a grant/award event rather than an open-market purchase or voluntary sale. The $0 disposition reported for the converted shares is commonly used in Form 4s when shares are surrendered/withheld (for example, to cover taxes) as part of the vesting process; the filing itself does not provide additional detail on the reason for the $0 disposition. Remaining RSUs are scheduled to vest in 2027 per the footnote.