Tay Talal 4

What Happened

• Tay Talal, EVP and Chief Risk Officer of Shore Bancshares (SHBI), had restricted stock units vest on February 27, 2026 and those RSUs converted into common stock. 1,393 shares were issued on conversion. The issuer withheld 428 shares to satisfy tax-withholding obligations, resulting in a net increase of 965 shares to Talal’s holdings. The conversion/exercise entries report an exercise/conversion price of $0.00 (these were RSU vesting events, not cash option purchases).

Key Details

• Transaction date: February 27, 2026 (filed March 3, 2026 — within the typical 2 business‑day Form 4 reporting window).
• Reported codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld for tax withholding.
• Shares issued on vesting: 1,393; shares withheld for taxes: 428; net shares received: 965.
• Exercise/assignment price: $0.00 (RSUs convert one-for-one into common stock; no cash paid).
• Shares owned after transaction: Not explicitly stated in the provided filing. Footnote notes inclusion of 1,969 shares acquired under the company Employee Stock Purchase Plan as of March 3, 2026.
• Notable footnotes: RSUs convert one-for-one (F1, F4), RSUs vested on Feb 27, 2026 (F5), shares were withheld by the issuer for tax obligations; the reporting person did not sell shares (F2). Filing lists additional RSU vesting schedule through 2029 (F6).

Context

• This was a routine compensation vesting event (RSUs converting to shares) rather than an open‑market purchase or voluntary sale. Withholding of shares for taxes is common and does not indicate the insider sold shares on the market. Purchases would typically be a stronger bullish signal; RSU vesting mainly reflects compensation realization.