Shore Bancshares director John Lamon buys $7,753 of common stock

John Lamon, a director at Shore Bancshares Inc. (NASDAQ: SHBI), purchased 338 shares of common stock on October 27, 2026, at $22.94 per share for a total of $7,753. The purchase was made through the company's Dividend Reinvestment Plan as an exempt acquisition.

Following the transaction, Lamon directly holds 65,514 shares of SHBI common stock, including 56,403 shares owned jointly with his spouse. He also holds 1,855 restricted stock units scheduled to vest on May 21, 2027, each representing a contingent right to receive one share of common stock.

SHBI stock has gained 47% over the past year and trades at a P/E ratio of 10.94 with a PEG ratio of 0.54. The company has maintained dividend payments for 12 consecutive years with a current yield of 2.5%.

Shore Bancshares' Board of Directors adopted a Deferred Compensation Plan for Non-employee Directors effective September 30, 2026. The plan allows non-employee directors to defer a specified percentage of director fees and vested equity awards on a pre-tax basis. Deferred amounts are credited to bookkeeping accounts reflecting an equivalent number of shares of company stock. The plan complies with Section 409A of the Internal Revenue Code.