Anderson Virginia Marie 4

What Happened

• Virginia Marie Anderson, EVP & Chief Internal Audit Officer of SHORE BANCSHARES, was granted 1,620 restricted stock units (RSUs) on February 17, 2026. The grant is reported as a derivative award at $0.00 (typical for RSU grants); no cash was exchanged at grant.

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 18, 2026 (appears to be filed on the next day, within the standard SEC 2-business-day window).
• Transaction type/code: A — Award/Grant of restricted stock units (derivative).
• Amount: 1,620 RSUs; reported acquisition price $0.00 (value upon vesting depends on SHBI share price at that time).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Each restricted stock unit represents a contingent right to receive one share of SHBI common stock upon vesting.
  • F2: States the RSUs “vest in 3 installments beginning on February 17, 2027,” the first anniversary of the award.
  • F3: The filing also includes a more detailed vesting schedule listing multiple tranche dates and amounts (see filing for full breakdown). The footnotes should be reviewed for exact vesting timing; the schedule in F3 appears more detailed/complex than F2.

Context

• RSU grants are compensation awards that convert into shares only when they vest; they are not purchases and do not represent immediate buying or selling of stock. Because the grant vested over future dates, its eventual economic value will depend on SHBI’s stock price at vesting. This filing is informational about compensation and not an indicator of a contemporaneous market transaction.