STEVENS DONNA J. 4

What Happened

• Donna J. Stevens, Chief Operating Officer of Shore Bancshares, received a grant of 3,423 restricted stock units (RSUs) on February 17, 2026. The units are recorded at $0.00 on the Form 4 because they are compensation awards (derivative securities) rather than an open-market purchase. Each RSU represents a contingent right to receive one share of SHBI common stock upon vesting.

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely within the typical 2-business-day reporting window).
• Grant: 3,423 RSUs @ $0.00 (derivative award).
• RSU definition: Each restricted stock unit represents a contingent right to one share (footnote F3).
• Vesting: Footnotes indicate the RSUs vest in installments over time (see F4 and F5). Vesting dates span multiple installments across 2026–2029 (examples include March 7, Feb 27, and Feb 17 vesting dates); consult the filing for the full schedule.
• Other holdings noted: Footnote F1 reports 1,762 shares acquired under the company ESPP as of Feb 19, 2026; F2 notes an increase from the Dividend Reinvestment Plan.
• Shares owned after transaction: not specified in the excerpt provided; refer to the Form 4 for total beneficial ownership amounts.

Context

• This was a compensation grant (RSUs), not a cash purchase or sale. RSUs do not convert to actual shares until they vest, so they represent potential future ownership rather than an immediate market transaction. Such awards are common executive compensation and are routinely reported; they do not by themselves indicate a buy or sell decision by the insider.