Lombardi Christy 4

What Happened
Christy Lombardi, EVP and Chief Human Resources Officer of Shore Bancshares, was granted 3,336 restricted stock units (RSUs) on February 17, 2026. The grant is recorded as a derivative award at $0.00 per unit (no cash paid at grant). Each RSU represents a contingent right to receive one share of SHBI common stock upon vesting.

Key Details

• Transaction date: 2026-02-17; Filing date: 2026-02-19 (Form 4 filed two days after the transaction).
• Award: 3,336 RSUs granted, reported at $0.00 per unit (derivative award).
• Vesting: Footnotes indicate RSUs represent one share each (F2) and include a multi-date vesting schedule (F3/F4) with installments that occur through 2029. Specific vesting installments are listed in the filing (examples: amounts vesting on 3/6/2026, 3/7/2026, 2/27/2026, and annual installments through 2029).
• Additional note: Filing indicates 204 shares were acquired under the Shore Bancshares Employee Stock Purchase Plan as of Feb 19, 2026 (F1).
• Shares owned after the transaction are not specified in the summary portion of the filing.
• This is an equity award (compensation), not an open-market purchase or sale.

Context
RSU grants are a common form of executive compensation and do not represent immediately tradable shares until they vest. Because this is an award (not a purchase or sale), it doesn't directly signal buying or selling intent; it increases potential future share ownership as units vest per the stated schedule. The Form 4 was filed within the typical two-business-day window following the transaction, so it appears timely.