Cullum Charles S 4

What Happened
Charles S. Cullum, Chief Financial Officer of Shore Bancshares, was granted 3,876 restricted stock units (RSUs) on February 17, 2026. The award is reported as a derivative grant at $0.00 per unit (no cash paid). Each RSU is a contingent right to receive one share of SHBI common stock upon settlement.

Key Details

• Transaction date: February 17, 2026; Filing date: February 19, 2026 (timely — within typical 2‑business‑day reporting window).
• Transaction type/code: A — Grant/Award of derivative securities (RSUs). Reported price: $0.00.
• Amount: 3,876 RSUs granted. Reported as derivative securities (no immediate shares issued).
• Shares owned after transaction: Not provided in the excerpt — consult the full Form 4 for post-transaction beneficial ownership.
• Notable footnotes from the filing:
  • F1: Each RSU represents a contingent right to one share of SHBI common stock.
  • F2: Some RSUs (per filing) vest in three installments beginning Feb 17, 2027 (first anniversary).
  • F3: Other RSUs described in the filing vest on a schedule across mid‑2026 to early‑2029 (see full filing for exact allocation).
• Filing timeliness: Reported within two days of the transaction date (appears timely).

Context
This is a compensation grant, not a market purchase or sale. RSUs do not represent immediate ownership or cash value until they vest and settle into shares (or are otherwise paid out). For the precise vesting dates that apply to Cullum’s 3,876 RSUs and any potential tax‑withholding or withholding‑related share retention, review the full Form 4 and its footnotes.