Earnings Feed
Start Free
SHORE BANCSHARES INC·4

Mar 9, 1:01 PM ET

Ebron Brian Scot 4

Research Summary

AI-generated summary

Updated

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.