03/02/2026 | Press release | Distributed by Public on 03/02/2026 11:03
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1) | 02/17/2026 | A | 5,288(2) | (3) | (3) | Common Stock | 5,288 | $ 0 | 5,288(4) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Augustus John William III 18 E. DOVER ST EASTON, MD 21601 |
EVP, Deputy Chief Credit Off | |||
| /s/ Christy Lombardi, Attorney in Fact for John W. Augustus, III | 03/02/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. |
| (2) | This Form 4/A is being filed to correct the number of restricted stock units granted on February 17, 2026. The original Form 4 inadvertently reported 2,700 RSUs and the correct number is 5,288 RSUs. Only the corrected line item in Table II has been updated. |
| (3) | Represents restricted stock units that vest in 3 installments beginning on February 17, 2027, the first anniversary of the date of the award. |
| (4) | Represents restricted stock units that vest as follows: 1762 units on February 17, 2027; 1763 units on February 17, 2028; and 1763 units on February 17, 2029. |