SHORE BANCSHARES (SHBI) Director John Lamon Receives RSU Shares

What Happened

• John Lamon, a director of Shore Bancshares, had 2,310 restricted stock units (RSUs) vest on July 29, 2026. The RSUs converted one-for-one into 2,310 shares of SHBI common stock (reported as a derivative conversion/exercise, code M).
• The Form 4 also reports a simultaneous disposition of 2,310 shares at $0.00 — this is not a market sale (no cash value reported). The filing does not state the reason for the $0.00 disposition.

Key Details

• Transaction date(s): July 29, 2026 (reported on Form 4 filed July 31, 2026).
• Reported actions: 2,310 shares acquired via derivative conversion (RSU vesting); 2,310 shares disposed at $0.00. Transaction code: M (exercise/conversion of derivative).
• Price/value: Acquisition reported as N/A (conversion); disposition recorded at $0.00 (no cash proceeds reported).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1/F3: RSUs convert one-for-one into common stock; each RSU is a contingent right to one share.
  • F4: The 2,310 RSUs vested on July 29, 2026.
  • F5: Remaining RSUs vest schedule — 1,855 units vest May 21, 2027.
  • F2: Separately notes increases from the Dividend Reinvestment Plan under Rule 16a-11 (noted in the filing).
• Timeliness: Filed July 31 for a July 29 transaction — within the SEC’s 2-business-day Form 4 filing window.

Context

• This was an RSU vesting/conversion event (an award becoming stock), not an open-market purchase or sale. The disposition recorded at $0.00 indicates it was not a market sale; such entries often reflect withholding or internal transfers related to vesting, but the filing does not specify the reason.
• For retail investors: vesting of awards increases insider-held shares but does not necessarily signal a buy or sell decision. Purchases are generally more informative about insider sentiment than routine vesting events.