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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (6) | 07/01/2024 | M | 1,352 | (7) | (8) | Common Stock | 1,352 | $ 0 | 6,419 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Pierce Lacey Amanda 18 E DOVER ST EASTON, MD 21601 |
EVP, Chief Administrative Ofc | |||
| /s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce | 07/02/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Restricted stock units convert into common stock on a one-for-one basis. |
| (2) | Includes 22,236 shares held jointly with spouse. |
| (3) | Includes 527 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024. |
| (4) | Reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11. |
| (5) | Includes 527 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024. |
| (6) | Each restricted stock unit represents a contingent right to receive one share of SBHI common stock. |
| (7) | Restricted stock units vested July 1, 2024. |
| (8) | The restricted stock units vest as follows; 941 units on February 10, 2025; 245 units on March 6, 2025; 984 units on March 6, 2026; 1,353 units on July 1, 2025; 965 units on March 7, 2025; 965 units on March 7, 2026; and 966 units on March 7, 2027. |