Shore Bancshares launches deferred compensation plan for non-employee directors
SHBI•Shore Bancshares adopted a deferred compensation plan for non-employee directors on Sept. 30, 2026. Directors can defer a percentage of fees, including vested equity awards, into bookkeeping accounts tied to company stock.
1. Plan details
The plan allows non-employee directors to make annual elections to defer a percentage of their director fees, including vested equity awards. Deferrals are credited to bookkeeping accounts tied to Shore Bancshares stock, with equity deferrals represented by equivalent shares. The board amended its existing deferred compensation plan to end non-employee director participation after the 2026 plan year.
