Burke James M 4

What Happened James M. Burke, President & CEO and a director of Shore Bancshares, reported the conversion/vesting of 5,806 restricted stock units (RSUs) into 5,806 shares of SHBI common stock on February 27, 2026. To satisfy tax withholding obligations, 1,954 of those shares were withheld by the issuer (reported as a disposition at $0.00). The filing shows the RSU conversion/derivative cancellation entries at $0.00; the net effect is Burke received 3,852 additional common shares (5,806 converted minus 1,954 withheld). This was a vesting of awards, not an open-market purchase or sale by the reporting person.

Key Details

• Transaction date: February 27, 2026 (filed March 3, 2026 — timely under Section 16 rules).
• Reported entries: conversion/exercise of derivative (M) for 5,806 shares; tax withholding (F) of 1,954 shares at $0.00; a related derivative disposition entry for 5,806 shares at $0.00 reflecting conversion/cancellation.
• Net shares added to Burke’s beneficial ownership: 3,852 shares.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: RSUs convert one-for-one into common stock and vested on Feb 27, 2026 (footnotes F1–F4). Shares were withheld by the issuer to satisfy tax withholding; no shares were sold by Burke (F2). Vesting schedule for other RSU tranches is listed in the filing (F5).

Context This filing reflects award vesting (RSU conversion) rather than a market purchase or discretionary sale. The reported zero-dollar entries relate to conversion/cancellation of the RSU derivative and tax-withholding mechanics; they do not indicate a cash sale by the insider. For retail investors, award vesting is a routine form of insider compensation and does not alone signal a cash-market trade or directional insider opinion.