Stayton Noah Edward 4

What Happened
Noah Stayton, EVP and Chief Information Officer of Shore Bancshares, was granted 2,935 restricted stock units (RSUs) on February 17, 2026. The award is reported as an acquisition of a derivative security at $0.00 (no cash paid). Each RSU represents a contingent right to receive one share of SHBI common stock upon vesting.

Key Details

• Transaction date: 2026-02-17; reported on Form 4 filed 2026-02-19 (timely filing).
• Transaction type/code: Award/Grant (A) — derivative (restricted stock units).
• Units granted: 2,935 RSUs; per the filing price listed as $0.00 (no immediate cash value recorded).
• Vesting: Footnote F1 confirms 1 RSU = 1 share upon settlement. Footnote F2 states these RSUs vest in three installments beginning on Feb 17, 2027 (the first anniversary).
• Footnote F3 in the filing describes vesting schedules for other previously reported units (separate from this 2,935-unit grant).
• Shares owned after the transaction: not specified in the provided excerpt of the Form 4.

Context
This was a compensation award (RSUs), not an open-market purchase or sale. RSUs are contingent and convert to actual shares only as they vest, so they do not represent immediately tradable shares. Such grants are common executive compensation; they do not by themselves indicate buying or selling sentiment.