Pierce Lacey Amanda 4

4 · SHORE BANCSHARES INC · Filed Mar 9, 2026

AI-generated summary of this filing

Updated Mar 9, 2026

Shore Bancshares (SHBI) Chief Strategy Officer Receives RSU Shares

What Happened

Amanda Pierce Lacey, Chief Strategy & Project Officer of Shore Bancshares, had restricted stock units (RSUs) vest and convert into common shares. A total of 1,949 RSUs vested (984 on March 6, 2026 and 965 on March 7, 2026) and converted one-for-one into 1,949 shares. To satisfy tax withholding, 350 shares (Mar 6) and 335 shares (Mar 7) were withheld, resulting in a net increase of 1,264 shares to her holdings. No cash proceeds were reported from any open-market sale.

Key Details

Transaction dates and amounts: 984 RSUs vested/converted on 2026-03-06; 965 RSUs vested/converted on 2026-03-07. Tax-withheld shares: 350 (Mar 6) and 335 (Mar 7).
Prices/values: conversions and withholdings reported at $0.00 (no sale proceeds disclosed).
Shares received net of withholding: +1,264 shares.
Holdings disclosed in footnotes: includes 23,281 shares held jointly with spouse and 1,270 shares from the Employee Stock Purchase Plan as of March 9, 2026.
Notable footnotes: RSUs convert one-for-one into common stock (F1, F6); the two tranches vested on Mar 6 and Mar 7 (F7, F8); additional RSU vesting schedule is listed (future vesting per F9).
Filing timeliness: Report covers activity through 2026-03-06 and the Form 4 was filed on 2026-03-09 — a timely filing.

Context

These were RSU vesting events (derivative conversions), not open-market purchases or sales. The withholding of shares to cover tax obligations is routine and does not indicate a market sale. No 10b5-1 plan or late-filing flag is indicated in the filing.

Form 4

Period: 2026-03-06

Chief Strategy&ProjectOfficer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-06+984→ 38,429 total
Exercise/Conversion
Common Stock
[F1]
2026-03-07+965→ 39,394 total
Tax Payment
Common Stock
[F2]
2026-03-06−350→ 39,044 total
Tax Payment
Common Stock
[F2][F3][F4]
2026-03-07−335→ 38,709 total
Exercise/Conversion
Restricted Stock Units
[F6][F7]
2026-03-06−984→ 7,465 total
→ Common Stock (984 underlying)
Exercise/Conversion
Restricted Stock Units
[F6][F8][F9]
2026-03-07−965→ 6,500 total
→ Common Stock (965 underlying)

Holdings

Footnotes (9)

[F1]Restricted stock units convert into common stock on a one-for-one basis.
[F2]Shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of RSUs; no shares were sold by the reporting person.
[F3]Includes 23,281 shares held jointly with spouse.
[F4]Includes 1,270 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 9, 2026.
[F5]Includes 1,270 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 9, 2026.
[F6]Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
[F7]These restricted stock units vested on March 6, 2026.
[F8]These restricted stock units vested on March 7, 2026.
[F9]The restricted stock units vest as follows; 966 units on March 7, 2027; 1,277 units on February 27, 2027; 1,278 units on February 27, 2028; 993 units on February 17, 2027; 993 units on February 17, 2028; and 993 units on February 17, 2029.

Signature

/s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce|2026-03-09

3 files