Tay Talal 4

What Happened Tay Talal, Executive Vice President and Chief Risk Officer of Shore Bancshares, was granted 3,249 restricted stock units (RSUs) on February 17, 2026. The award is a derivative grant (acquisition price $0.00) — no cash was paid — and represents a contingent right to receive common shares if and when the units vest.

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (filed two days after the transaction).
• Transaction type: Grant / Award of 3,249 RSUs (derivative), $0.00 per unit.
• Shares/units acquired: 3,249 RSUs. The filing does not state the insider’s total beneficial ownership following this transaction.
• Footnotes from the filing:
  • F1: Includes 1,969 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan (ESPP) as of February 19, 2026.
  • F2: Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
  • F3: States these restricted stock units vest in 3 installments beginning on February 17, 2027 (the first anniversary of the award).
  • F4: The filing also lists a detailed vesting schedule (unit counts and dates) as provided in the Form 4: 249 units on March 6, 2026; 745 units on March 6, 2026; 1,196 units on March 7, 2026; 1,196 units on March 7, 2027; 1,393 units on February 27, 2026; 1,393 units on February 27, 2027; 1,394 units on February 27, 2028; 1,083 units on February 17, 2027; 1,083 units on February 17, 2028; and 1,083 units on February 17, 2029. See the filing for the full breakdown and how these items apply.
• Timeliness: Filing appears timely (filed two days after the reported transaction).

Context This was a compensation award (RSUs), not an open-market purchase or sale. RSUs are contingent rights that convert to actual shares only after vesting conditions are met; they do not represent immediate cash proceeds or sales. The ESPP reference (F1) reflects separate employee purchases. Awards like this are routine forms of equity compensation and do not by themselves indicate insider buying or selling intent.