Form 4: Shore Bancshares Director Konrad Wayson Increases Stake Through Dividend Reinvestment

Konrad Wayson, a director at Shore Bancshares, acquired 3,000 shares of common stock through a dividend reinvestment plan, increasing his total holdings.

Summary

• Konrad Wayson, a director of Shore Bancshares, has reported a transaction involving the acquisition of 3,000 shares of common stock.
• The shares were acquired on November 25, 2024, at a price of $16.94 per share.
• This transaction was part of the Shore Bancshares Dividend Reinvestment Plan.
• Following this transaction, Wayson's total beneficial ownership stands at 53,266 shares held indirectly through a trust and 19,236 shares held directly.
• A limited power of attorney was also filed, authorizing Christy Lombardi, James M. Burke, and Andrea E. Colender to act on Wayson's behalf for Section 16 reporting obligations.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction by a company director, indicating a positive but not extraordinary sentiment. The use of a dividend reinvestment plan is a common practice and suggests confidence in the company.

Positives

• The director's participation in the dividend reinvestment plan indicates confidence in the company's future.
• The increase in share ownership aligns the director's interests with those of other shareholders.

Industry Context

This is a routine transaction for a company director, and the use of a dividend reinvestment plan is a common practice.

Comparison to Industry Standards

• Dividend reinvestment plans are a common method for company insiders to increase their stake, aligning their interests with shareholders.
• The reporting of insider transactions via SEC Form 4 is a standard practice for publicly traded companies, ensuring transparency.

Stakeholder Impact

• The increase in director share ownership may be viewed positively by shareholders, as it aligns management's interests with their own.

Key Dates

Keywords

Shore Bancshares, Konrad Wayson, Director, Dividend Reinvestment Plan, Share Acquisition, Beneficial Ownership, SEC Form 4, Section 16, Power of Attorney