Anderson Virginia Marie 4

What Happened
Virginia Marie Anderson, Executive Vice President & Chief Internal Audit Officer of SHORE BANCSHARES, had restricted stock units (RSUs) vest on March 6, 2026. Per the Form 4, 142 RSUs converted into 142 shares of common stock (transaction code M). The issuer withheld 58 of those shares to satisfy tax withholding (transaction code F), so the reporting person received a net 84 shares. The filing shows no cash purchase or open‑market sale associated with this transaction.

Key Details

• Transaction date: March 6, 2026 (vesting/conversion and withholding).
• Filing date (Form 4): March 9, 2026 — filed within the normal reporting window.
• Reported transactions: conversion/exercise (M) of 142 RSUs; tax withholding (F) of 58 shares. Consideration reported as $0 / N/A in the filing (RSUs converted; shares withheld to cover taxes, not sold on market).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: RSUs convert one-for-one to common stock; the 58 shares were withheld by the issuer to meet tax obligations (no shares were sold by the reporting person). The vested RSUs occurred March 6, 2026. Remaining RSU vesting schedule (per filing): 697 units on 2/27/2027; 697 on 2/27/2028; 540 on 2/17/2027; 540 on 2/17/2028; 540 on 2/17/2029.

Context
This was a routine compensation vesting event (RSUs converting to stock) with issuer withholding shares for taxes — not an open‑market sale or purchase. For retail investors, such vesting events generally reflect compensation being settled, not a direct signal of insider buying or selling intent.