SHORE BANCSHARES INC
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
SHBI$22.89+2.0%Stored close · as of Nov 9, 2026
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EXHIBIT LIST
| Exhibit No. | Description | Where Filed |
| 3.1(a) | Amended and Restated Articles of Incorporation | Incorporated by reference to Exhibit 3.1 of the Company’s Form 8-K filed on December 14, 2000 |
| 3.1(b) | Articles of the Amendment of Amended and Restated Articles of Incorporation | Incorporated by reference to Exhibit 3.1 of the Company’s Form 8-K filed on July 3, 2023 |
| 3.2 | Third Amended and Restated By-Laws | Incorporated by reference to Exhibit 3.1 of the Company’s Form 8-K filed on June 5, 2024 |
| 4.1 | Description of Registrant’s Securities | Incorporated by reference to Exhibit 4.1 of the Company’s Form 10-K filed on March 15, 2024 |
| 4.2 | Form of Common Stock Certificate | Incorporated by reference to Exhibit 4.1 of the Company’s Form S-3 filed on June 25, 2010 |
| 10.1(a)* | Shore Bancshares, Inc. 2016 Stock and Incentive Compensation Plan | Incorporated by reference to Appendix A of the Company’s 2016 definitive proxy statement filed on March 15, 2016 |
| 10.1(b)* | Form of Restricted Stock Award Agreement under the 2016 Stock and Incentive Compensation Plan | Incorporated by reference to Exhibit 10.7 to the Company’s Form 10-K filed on March 13, 2020 |
| 10.1(c)* | Form of Restricted Stock Units Award under the 2016 Stock and Incentive Compensation Plan | Incorporated by reference to Exhibit 10.8 to the Company’s Form 10-K filed on March 13, 2020 |
| 10.2(a)* | Shore Bancshares, Inc. 2025 Equity Incentive Plan | Incorporated by reference to Appendix A to the Company’s 2025 definitive proxy statement filed on April 15, 2025 |
| 10.2(b)* | Form of Time-based Restricted Stock Unit Agreement | Incorporated by reference to Exhibit 10.2 to the Company’s Registration Statement on Form S-8 (File No. 333-287797) |
| 10.2(c)* | Form of Performance Stock Unit Agreement | Incorporated by reference to Exhibit 10.3 to the Company’s Registration Statement on Form S-8 (File No. 333-287797) |
| 10.2(d)* | Form of Restricted Stock Award Agreement | Incorporated by reference to Exhibit 10.4 to the Company’s Registration Statement on Form S-8 (File No. 333-287797) |
| 10.2(e)* | Form of Restricted Stock Unit Agreement (Director) | Incorporated by reference to Exhibit 10.5 to the Company’s Registration Statement on Form S-8 (File No. 333-287797) |
| 10.3(a)* | 2019 Deferred Compensation Plan | Incorporated by reference to Exhibit 10.16 to the Company’s Form 10-K filed on March 13, 2020 |
| 10.3(b)* | First Amendment to the Shore Bancshares, Inc. Deferred Compensation Plan | Filed herewith |
| 10.4* | Consulting Agreement, dated as of October 31, 2021, by and between Alan J. Hyatt and Shore United Bank | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed on November 1, 2021 |
| 10.5* | The Community Financial Corporation 2015 Equity Compensation Plan (as assumed by the Company effective July 3, 2023) | Incorporated by reference to Appendix A in the Definitive Proxy Statement of The Community Financial Corporation (SEC File No. 001-36094) filed with on March 25, 2015 |
| 10.6(a)* | Shore Bancshares, Inc. Change in Control Severance Plan | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed on December 17, 2025 |
| 10.6(b)* | Form of Participation Agreement for Change in Control Severance Plan | Incorporated by reference to Exhibit 10.2 to the Company’s Form 8-K filed on December 17, 2025 |
| 10.7* | Split-dollar Life Insurance Agreement with James M. Burke | Incorporated by reference to Exhibit 10.38 to the Form 10-K of The Community Financial Corporation (SEC File No. 001-36094) filed on March 10, 2016 |
| 10.8* | Salary Continuation Agreement between James M. Burke and Community Bank of the Chesapeake, dated August 21, 2006, and amended and restated in its entirety on April 30, 2018 | Incorporated by reference to Exhibit 10.10 to the Form 10-Q of The Community Financial Corporation (SEC File No. 001-36094) filed on May 10, 2018 |
| Exhibit No. | Description | Where Filed |
| 10.9* | Amended and Restated Supplemental Executive Retirement Plan Agreement, dated January 1, 2011, First Amendment to the Supplemental Executive Retirement Plan dated January 1, 2011, and amended and restated on April 30, 2018, with James M. Burke | Incorporated by reference to Exhibit 10.15 to the Form 10-Q of The Community Financial Corporation (SEC File No. 001-36094) filed on May 10, 2018 |
| 10.10* | Amended and Restated Supplemental Executive Retirement Plan agreement, dated November 1, 2014, as amended and restated on April 30, 2018, with James M. Burke | Incorporated by reference to Exhibit 10.20 to the Form 10-Q of The Community Financial Corporation (SEC File No. 001-36094) filed on May 10, 2018 |
| 10.11* | Amended and Restated Supplemental Executive Retirement Plan agreement, dated November 1, 2014, as amended and restated on April 30, 2018, with Christy Lombardi | Incorporated by reference to Exhibit 10.23 to the Form 10-Q of The Community Financial Corporation (SEC File No. 001-36094) filed on May 10, 2018 |
| 10.12(a)* | Supplemental Executive Retirement Plan for Donna J. Stevens | Incorporated by reference to Exhibit 10.3 to the Company’s Form 8-K filed on July 25, 2019 |
| 10.12(b)* | First Amendment to Supplemental Executive Retirement Plan for Donna J. Stevens | Incorporated by reference to Exhibit 10.22 to the Company’s Form 10-K filed on March 10, 2025 |
| 10.13* | Split Dollar Life Insurance Agreement with Donna J. Stevens dated August 26, 2019 | Filed herewith |
| 10.14* | Endorsement Method Split Dollar Plan Agreement 2014 with Christy Lombardi | Filed herewith |
| 10.15* | Endorsement Method Split Dollar Plan Agreement with Christy Lombardi | Filed herewith |
| 19 | Insider Trading Policy | Filed herewith |
| 21 | Subsidiaries of the Company (included in the “BUSINESS—General” section of Item 1 of Part I of this Annual Report on Form 10-K) | |
| 23.1 | Consent of Crowe LLP | Filed herewith |
| 23.2 | Consent of Yount, Hyde & Barbour, P.C. | Filed herewith |
| 31.1 | Certifications of the PEO pursuant to Section 302 of the Sarbanes-Oxley Act (filed herewith) | Filed herewith |
| 31.2 | Certifications of the PFO pursuant to Section 302 of the Sarbanes-Oxley Act (filed herewith) | Filed herewith |
| 32 | Certification pursuant to Section 906 of the Sarbanes-Oxley Act (furnished herewith) | Filed herewith |
| 97 | Shore Bancshares, Inc. Clawback Policy | Incorporated by reference to Exhibit 97.0 of the Company’s Form 10-K filed on March 15, 2024 |
| 101.INS | Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) | |
| 101.SCH | Inline XBRL Taxonomy Extension Schema | |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase | |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase | |
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| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
*Management contract or compensatory plan or arrangement filed pursuant to Item 15(b) of this report.
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