Ebron Brian Scot 4

What Happened

• Brian Scot Ebron, EVP & Chief Banking Officer of Shore Bancshares, had 1,664 restricted stock units (RSUs) vest and convert into 1,664 shares of SHBI common stock on February 27, 2026. The issuer withheld 511 of those shares to satisfy tax withholding obligations, resulting in a net increase of 1,153 shares to his holdings. The conversion/vesting is reported as a derivative conversion (code M) and the withholding is reported under tax withholding (code F). No cash amounts were reported for the conversions; withheld shares were not sold on the open market.

Key Details

• Transaction date: February 27, 2026 (filing date March 3, 2026 — appears timely).
• Primary entries: conversion/exercise of derivative (RSU) for 1,664 shares (acquired); 511 shares withheld for taxes (disposed via withholding) at $0.00.
• Net shares received: 1,664 vested − 511 withheld = +1,153 shares added to Ebron’s holdings.
• Footnotes: RSUs convert one-for-one to common shares (F1, F4); the units vested on Feb 27, 2026 (F5); shares withheld solely to satisfy tax obligations and were not sold by the reporting person (F2). Filing also notes 2,116 shares acquired under the company ESPP included in reported holdings as of March 3, 2026 (F3).
• Vesting schedule: additional RSU tranches are listed in the filing for various dates through 2029 (see F6).

Context

• This was a routine compensation vesting event (award conversion), not an open-market purchase or sale. The withheld shares were used for taxes (a common cashless step) rather than sold on the market, so this filing does not reflect a decision to take market exposure or exit shares.