Ebron Brian Scot 4

4 · SHORE BANCSHARES INC · Filed Mar 9, 2026

AI-generated summary of this filing

Updated Mar 9, 2026

Shore Bancshares (SHBI) EVP Brian Ebron Receives RSU Vesting

What Happened

Brian Scot Ebron, EVP and Chief Banking Officer of Shore Bancshares (SHBI), had restricted stock units (RSUs) vest on March 6–7, 2026. A total of 2,627 RSUs converted into common shares (1,192 on 3/06 and 1,435 on 3/07). To satisfy tax withholding, 842 shares were retained by the issuer (387 on 3/06 and 455 on 3/07), leaving a net increase of 1,785 shares to Ebron’s holdings. No cash proceeds from a market sale are reported; these were conversions and tax withholdings, not open-market sales.

Key Details

Transaction dates and amounts:
- 2026-03-06: 1,192 RSUs converted into 1,192 shares; 387 shares withheld for taxes.
- 2026-03-07: 1,435 RSUs converted into 1,435 shares; 455 shares withheld for taxes.
- Total converted: 2,627 shares; total withheld: 842 shares; net retained: 1,785 shares.
Prices/values: RSU conversions reported at $0.00 (no exercise price paid by the insider); withholding satisfied via share retention (no cash sale by the insider).
Shares owned after transaction: Not specified in the filing. Footnote F3 notes the filing’s ownership totals include 2,116 shares acquired under the company’s Employee Stock Purchase Plan as of March 9, 2026.
Notable footnotes:
- F1/F4: Each RSU converts one-for-one into common stock.
- F2: Shares were withheld by the issuer to satisfy tax withholding; no shares were sold by the reporting person.
- F5/F6: The RSUs that converted vested on March 6 and March 7, 2026.
- F7: Remaining RSU vesting schedule for future years is listed in the filing.
Filing timing: Form filed 2026-03-09 reporting transactions on 3/06–3/07; the filing does not indicate a late-reporting flag.

Context

These were RSU vesting events (derivative conversions), not open-market purchases or discretionary sales. The share retention was a tax-withholding mechanism (common for RSU vesting) rather than a market sale that would generate cash proceeds.
For retail investors, such vesting increases insider ownership but generally reflects standard compensation vesting rather than a signal of immediate buying or selling intent.

Form 4

Period: 2026-03-06

EVP, Chief Banking Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-06+1,192→ 25,795 total
Exercise/Conversion
Common Stock
[F1]
2026-03-07+1,435→ 27,230 total
Tax Payment
Common Stock
[F2]
2026-03-06−387→ 26,843 total
Tax Payment
Common Stock
[F2][F3]
2026-03-07−455→ 26,388 total
Exercise/Conversion
Restricted Stock Units
[F4][F5]
2026-03-06−1,192→ 11,183 total
→ Common Stock (1,192 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F6][F7]
2026-03-07−1,435→ 9,748 total
→ Common Stock (1,435 underlying)

Holdings

Footnotes (7)

[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 2,116 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 9, 2026.
[F4]Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
[F5]These restricted stock units vested on March 6, 2026.
[F6]These restricted stock units vested on March 7, 2026.
[F7]The restricted stock units vest as follows: 1,436 units on March 7, 2027; 1,664 units on February 27, 2027; 1,665 units on February 27, 2028; 1,661 units on February 17, 2027; 1,661 units on February 17, 2028; and 1,661 units on February 17, 2029.

Signature

/s/ Christy Lombardi, Attorney in Fact for Brian Scot Ebron|2026-03-09

3 files