shbipoalpierce

0001628280-24-030765.txt : 20240702 0001628280-24-030765.hdr.sgml : 20240702 20240702134404 ACCESSION NUMBER: 0001628280-24-030765 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240701 FILED AS OF DATE: 20240702 DATE AS OF CHANGE: 20240702 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Pierce Lacey Amanda CENTRAL INDEX KEY: 0001804075 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22345 FILM NUMBER: 241094134 MAIL ADDRESS: STREET 1: C/O THE COMMUNITY FINANCIAL CORPORATION STREET 2: 3035 LEONARDTOWN ROAD CITY: WALDORF STATE: MD ZIP: 20601 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SHORE BANCSHARES INC CENTRAL INDEX KEY: 0001035092 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 521974638 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 18 EAST DOVER STREET CITY: EASTON STATE: MD ZIP: 21601-3013 BUSINESS PHONE: 4108221400 MAIL ADDRESS: STREET 1: 18 EAST DOVER STREET CITY: EASTON STATE: MD ZIP: 21601-3013 4 1 wk-form4_1719942237.xml FORM 4 X0508 4 2024-07-01 0 0001035092 SHORE BANCSHARES INC SHBI 0001804075 Pierce Lacey Amanda 18 E DOVER ST EASTON MD 21601 0 1 0 0 EVP, Chief Administrative Ofc 0 Common Stock 2024-07-01 4 M 0 1352 A 30845 D Common Stock 3963 I By ESOP Common Stock 20319 I By Spouse Common Stock 4919 I By Spouse ESOP Restricted Stock Units 2024-07-01 4 M 0 1352 0 D Common Stock 1352 6419 D Restricted stock units convert into common stock on a one-for-one basis. Includes 22,236 shares held jointly with spouse. Includes 527 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024. 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. Includes 527 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024. Each restricted stock unit represents a contingent right to receive one share of SBHI common stock. Restricted stock units vested July 1, 2024. 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. /s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce 2024-07-02 EX-24 2 shbipoalpierce.htm EX-24 shbipoalpierce

LIMITED POWER OF ATTORNEY FOR SECTION 16 REPORTING OBLIGATIONS Know all by these presents, that the undersigned hereby makes, constitutes and appoints each of Christy Lombardi, James M. Burke and Andrea E. Colender, each acting individually, as the undersigned’s true and lawful attorney-in-fact, with full power and authority as hereinafter described on behalf of and in the name, place and stead of the undersigned to: (1) prepare, execute, acknowledge, deliver and file Forms 3, 4, and 5 (including any amendments thereto) with respect to the securities of Shore Bancshares, Inc., a Maryland corporation (the “Company”), with the United States Securities and Exchange Commission, any national securities exchanges and the Company, as considered necessary or advisable under Section 16(a) of the Securities Exchange Act of 1934 and the rules and regulations promulgated thereunder, as amended from time to time (the “Exchange Act”); (2) seek or obtain, as the undersigned’s representative and on the undersigned’s behalf, information on transactions in the Company’s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to the undersigned and approves and ratifies any such release of information; (3) submit a Form ID, and any amendments thereto, to the SEC to apply for filing codes that will allow insider reports to be filed electronically through the EDGAR system, if such codes have not been obtained previously; and (4) perform any and all other acts which in the discretion of such attorney-in-fact are necessary or desirable for and on behalf of the undersigned in connection with the foregoing. The undersigned acknowledges that: (1) this Power of Attorney authorizes, but does not require, each such attorney-in-fact to act in their discretion on information provided to such attorney-in-fact without independent verification of such information; (2) any documents prepared and/or executed by either such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney will be in such form and will contain such information and disclosure as such attorney-in-fact, in his or her discretion, deems necessary or desirable; (3) neither the Company nor either of such attorneys-in-fact assumes (i) any liability for the undersigned’s responsibility to comply with the requirement of the Exchange Act, (ii) any liability of the undersigned for any failure to comply with such requirements, or (iii) any obligation or liability of the undersigned for profit disgorgement under Section 16(b) of the Exchange Act; and (4) this Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned’s obligations under the Exchange Act, including without limitation the reporting requirements under Section 16 of the Exchange Act. The undersigned hereby gives and grants each of the foregoing attorneys-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as the undersigned might or could do if present, hereby ratifying all that each such attorney-in-fact of, for and on behalf of the undersigned, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney. This Power of Attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to each such attorney-in-fact. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this ___ day of _____, 2024. Signature