Tay Talal 4

What Happened Tay Talal, EVP and Chief Risk Officer of Shore Bancshares, converted restricted stock units (RSUs) into a total of 2,190 shares (994 on 2026-03-06 and 1,196 on 2026-03-07). No cash exercise price was paid ($0.00 per share) because these were RSU vestings/conversions. The issuer withheld 324 shares on 3/6 and 380 shares on 3/7 to satisfy tax withholding obligations (total withheld = 704), leaving a net issuance of 1,486 shares to Talal. The withheld shares were not sold in the open market by the reporting person.

Key Details

• Transaction dates: 2026-03-06 (994 RSUs → 994 shares; 324 shares withheld) and 2026-03-07 (1,196 RSUs → 1,196 shares; 380 shares withheld).
• Price: $0.00 per share (RSU conversion/vesting, not a market purchase or sale).
• Net shares received by insider: 1,486 (2,190 gross − 704 withheld for taxes).
• Shares owned after transaction: not explicitly stated in the filing; filing notes inclusion of 1,969 shares acquired under the Employee Stock Purchase Plan as of March 9, 2026.
• Footnotes: confirm RSUs convert one-for-one to common stock (F1, F4), the withheld shares satisfied tax withholding and were not open-market sales (F2), and the units vesting dates (F5–F7) describe recent vesting and remaining vesting schedule.
• Filing timeliness: Form filed 2026-03-09 for transactions on 2026-03-06 and 2026-03-07 — appears timely under standard Form 4 deadlines.

Context This was a conversion/vesting of RSUs (derivative-to-stock conversion), not an open-market purchase or sale. The withholding of shares to cover taxes is routine and reported as a disposition code (F) but does not indicate the insider sold shares on the market. Remaining RSUs have future vesting dates per the filing (see F7).