WAYSON KONRAD 4

What Happened

• Wayson Konrad, a director of Shore Bancshares, received an award of 1,855 restricted stock units (RSUs) on 2026-05-21. The RSUs were granted at $0.00 (no cash paid) and are reported as a derivative award (transaction code A). Each RSU represents a contingent right to one share of SHBI common stock when vested.

Key Details

• Transaction date and price: 2026-05-21; 1,855 RSUs @ $0.00 (award).
• Transaction type: Award/Grant of RSUs (derivative), reported on SEC Form 4.
• Vesting for this grant: 1,855 RSUs vest on May 21, 2027 (see footnote F5).
• Shares owned after transaction: Not specified in this filing.
• Footnotes of note:
  • F1: Each RSU equals one share upon vesting.
  • F5: Confirms these 1,855 RSUs vest on May 21, 2027 (first anniversary).
  • Additional footnotes in the filing (F2–F4) describe other RSU vesting schedules granted to insiders but do not change the vesting date for this 1,855-unit award.
• Filing timeliness: The Form 4 was filed on 2026-05-26, five days after the transaction date—later than the usual SEC requirement to file within two business days; this is a late filing.

Context

• RSU awards are common compensation for directors/executives and are not an open-market purchase or sale. They convert to actual shares only after vesting, so they do not represent an immediate cash outlay or share sale. Because this is a grant, it should be viewed as routine compensation rather than a direct bullish or bearish insider market action.