Shore Bancshares (SHBI) Director Konrad Wayson Receives 2,310 Shares

What Happened

• Konrad Wayson, a director of Shore Bancshares Inc. (SHBI), acquired 2,310 shares on July 29, 2026 through the exercise/conversion of a derivative reported as code M. The filing shows an acquisition of 2,310 shares and a corresponding conversion/disposition entry at $0.00 — consistent with restricted stock units (RSUs) converting one-for-one into common stock upon vesting. No cash sale of the shares was reported.

Key Details

• Transaction date: July 29, 2026; Form 4 filed July 31, 2026 (appears timely).
• Transaction type/code: M — exercise/conversion of derivative (RSU conversion).
• Shares acquired: 2,310 common shares; exercise/price shown as $0.00.
• Shares disposed: matching derivative conversion entry of 2,310 shares at $0.00 (bookkeeping for conversion, not a market sale).
• Shares owned after transaction: not specified in the provided filing details.
• Relevant footnotes: F1/F3 explain RSUs convert one-for-one to common stock; F4 confirms these RSUs vested on July 29, 2026; F5 lists remaining RSU vesting schedule; F2 notes DRIP-related acquisitions elsewhere in the filing.

Context

• This was an RSU vesting/conversion (receipt of shares), not an open-market purchase or sale. The $0.00 price and matching disposal line reflect conversion mechanics rather than proceeds to or from Wayson.
• Vesting of RSUs is a common form of compensation for insiders and does not by itself indicate a buy or sell decision in the market.