Augustus John William III 4/A
4/A · SHORE BANCSHARES INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Shore Bancshares (SHBI) EVP Augustus John William III Receives Award
What Happened
- Augustus John William III, EVP and Deputy Chief Credit Officer of Shore Bancshares (SHBI), received a grant of 5,288 restricted stock units (RSUs) on February 17, 2026. The award is reported as a derivative grant at $0.00 per unit (no cash exchanged at grant).
Key Details
- Transaction date and price: February 17, 2026; 5,288 RSUs; $0.00 per unit (derivative award).
- Shares owned after transaction: not disclosed in this Form 4/A.
- Vesting: RSUs vest in three installments beginning February 17, 2027 — 1,762 units on 2/17/2027; 1,763 units on 2/17/2028; and 1,763 units on 2/17/2029.
- Amendment: This is a corrected Form 4/A — the original filing mistakenly reported 2,700 RSUs; this amendment updates the grant to 5,288 RSUs.
- Footnote: Each RSU is a contingent right to receive one share of SHBI common stock upon vesting.
Context
- RSUs are a form of equity compensation; they do not represent current share ownership until they vest and are settled (typically converted to shares). No shares were sold or purchased in this transaction — it is a compensation grant.
Insider Transaction Report
Form 4/AAmended
Augustus John William III
EVP, Deputy Chief Credit Off
Transactions
- Award
Restricted Stock Units
[F1][F2][F3][F4]2026-02-17+5,288→ 5,288 total→ Common Stock (5,288 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
- [F2]This Form 4/A is being filed to correct the number of restricted stock units granted on February 17, 2026. The original Form 4 inadvertently reported 2,700 RSUs and the correct number is 5,288 RSUs. Only the corrected line item in Table II has been updated.
- [F3]Represents restricted stock units that vest in 3 installments beginning on February 17, 2027, the first anniversary of the date of the award.
- [F4]Represents restricted stock units that vest as follows: 1762 units on February 17, 2027; 1763 units on February 17, 2028; and 1763 units on February 17, 2029.
Signature
/s/ Christy Lombardi, Attorney in Fact for John W. Augustus, III|2026-03-02