SHBI Director Converts RSUs into Common Shares

Rebecca Middleton McDonald, director of Shore Bancshares (SHBI), reported vesting and conversion of 2,310 restricted stock units into an equal number of common shares on July 29, 2026. This move increased her direct share ownership and reduced her outstanding restricted stock unit balance.

The converted shares will be considered as part of McDonald's beneficial ownership, which also includes indirect holdings through trusts for her benefit. These trusts hold a total of 54,024 common shares, in addition to positions in the BMF and EFD IR trusts.

Following this transaction, McDonald directly owns 10,318 common shares and retains 1,855 unvested restricted stock units scheduled to vest on May 21, 2027. The converted shares do not have a value of $0.00 each, according to the report.