LAMON JOHN 4

What Happened John Lamon, a director of Shore Bancshares, reported an award/acquisition (Form 4 code A) of 1,855 derivative shares on May 21, 2026. The filing reports the units at $0.00 per share (total reported value $0). Footnotes indicate the reported increase reflects an exempt acquisition under the company’s Dividend Reinvestment Plan (Rule 16a-11) and that these 1,855 units are restricted stock units (RSUs) — each RSU represents a contingent right to receive one share.

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026 (appears later than the usual 2-business-day deadline).
• Security/amount: 1,855 restricted stock units (derivative) reported at $0.00 (code A).
• Vesting: Footnotes show the 1,855 RSUs vest on May 21, 2027 (first anniversary) (see F2, F5, F6). The filing also references a separate RSU tranche of 2,310 shares vesting July 29, 2026 (F3, F4).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: F1 = acquisition reflected from Dividend Reinvestment Plan (Rule 16a-11). F2–F6 = RSU definitions and vesting schedules (details above).
• Filing timeliness: Filed May 26 for a May 21 transaction — appears late relative to typical Form 4 timing.

Context This was an award of RSUs (a derivative grant) rather than an open-market cash purchase or a sale. RSUs are contingent rights to receive shares in the future when they vest; they do not represent immediately tradable shares until vested and issued. Exempt acquisitions under a dividend reinvestment plan and RSU grants are common compensation or dividend-related actions and do not, by themselves, indicate the insider bought shares on the open market or sold stock.