Form 4: Shore Bancshares Executive Brian Ebron Reports Stock Transactions
SEC Form 4
Brian Scot Ebron, EVP and Chief Banking Officer of Shore Bancshares, reports acquisition of common stock through restricted stock unit conversions and employee stock purchase plan.
Summary
- On February 10, 2025, Brian Scot Ebron, EVP and Chief Banking Officer of Shore Bancshares Inc., reported transactions involving the company's common stock.
- Ebron acquired 272 shares and 815 shares of common stock through the conversion of restricted stock units.
- He also owns 1,089 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of February 10, 2025.
- Following these transactions, Ebron directly owns 19,128 shares of common stock and indirectly owns 36,148 shares through an IRA and 819 shares through an ESOP.
- Ebron also holds 7,358 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| July 1, 2023 | Date of execution for the Limited Power of Attorney. |
| February 10, 2025 | Date of stock transactions and vesting of restricted stock units. |
| February 12, 2025 | Date of signature for the Form 4 filing. |
| March 6, 2025 | Date of vesting for 298 restricted stock units. |
| July 1, 2025 | Date of vesting for 1,562 restricted stock units. |
| March 7, 2025 | Date of vesting for 1,435 restricted stock units. |
| March 6, 2026 | Date of vesting for 298 and 894 restricted stock units. |
| March 7, 2026 | Date of vesting for 1,435 restricted stock units. |
| March 7, 2027 | Date of vesting for 1,436 restricted stock units. |
Keywords
Shore Bancshares, SHBI, Brian Scot Ebron, Form 4, Stock Transactions, Restricted Stock Units, Employee Stock Purchase Plan, Beneficial Ownership, Insider Trading
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