Shore Bancshares adopts non-employee director deferred compensation plan, ends participation after 2026
Shore Bancshares adopted a Deferred Compensation Plan for Non-employee Directors on September 30, 2026, letting directors defer director fees and equity awards on a pre-tax basis. The board also amended its existing Deferred Compensation Plan to end non-employee director participation after the 2026 plan year. The filing contains no financial results, and the changes are administrative compensation matters.
Key points
- September 30, 2026: board adopted a Deferred Compensation Plan for Non-employee Directors intended to comply with Section 409A of the Internal Revenue Code
- Participants may make annual elections to defer a specified percentage of director fees and vested equity awards; deferrals are always 100% vested
- Same day, the board amended the Deferred Compensation Plan to eliminate non-employee director participation after the 2026 plan year
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.