Ruch, Jr. Charles E. 4
4 · SHORE BANCSHARES INC · Filed Mar 8, 2024
Insider Transaction Report
Form 4
Ruch, Jr. Charles E.
EVP, Chief Credit Officer
Transactions
- Award
Restricted Stock Units
2024-03-07+3,312→ 5,475 total→ Common Stock (3,312 underlying)
Holdings
- 3,032
Common Stock
Footnotes (4)
- [F1]The amount held reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
- [F2]Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
- [F3]Represents restricted stock units that vest in 3 annual installments beginning on March 7, 2025, the first anniversary of the date of the award.
- [F4]The restricted stock units vest as follows: 1,081 units on July 1, 2024; 1,082 units on 7/1/2025; 1,104 units on March 7, 2025; 1,104 units on March 7, 2026; and 1,104 units on March 7, 2027.