SHORE BANCSHARES (SHBI) CFO Cullum Receives 1,581 RSUs

What Happened

• Cullum Charles S, Chief Financial Officer of Shore Bancshares (SHBI), had 1,581 restricted stock units convert into common shares when RSUs vested on August 21, 2026. The filing shows 533 of those shares were withheld by the issuer to satisfy tax withholding; no shares were sold by the reporting person. The conversion/vesting produced no cash proceeds to the insider.

Key Details

• Transaction date: August 21, 2026; Form 4 filed August 25, 2026 (timely).
• Reported entries: conversion/acquisition of 1,581 shares (derivative conversion of RSUs); 533 shares disposed for tax withholding (reported at $0.00); an additional derivative-related line is reported but reflects the RSU conversion process.
• Net new shares to the insider (based on filing): 1,581 vested minus 533 withheld = 1,048 shares received.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1–F4 confirm RSUs convert 1:1 to common stock and that these units vested on Aug 21, 2026; F2 states withheld shares satisfied tax obligations and no sale occurred. F5 lists remaining RSU vesting schedule for other tranches.

Context

• This was a routine equity compensation event (RSU vesting), not an open-market purchase or sale. Withholding of shares to cover taxes is common and does not reflect a market sale by the insider. The filing appears timely (filed within required reporting window).