Shore Bancshares adopts deferred compensation plan for non-employee directors and amends existing plan

SHORE BANCSHARES INC

Board adopted a Deferred Compensation Plan for Non-employee Directors on September 30, 2026, effective December 31, 2026.
Non-employee directors may defer 0% to 100% of cash compensation and 0% or 100% of shares from vested Restricted Stock Units.
Board also amended the existing Deferred Compensation Plan to eliminate non-employee director participation after the 2026 plan year.
Deferred amounts are credited as Deferred Stock Units; payment options include lump sum within 60 days or installments up to 10 years.
The plan is intended to comply with Section 409A; exhibits 10.1 and 10.2 were filed with the report.

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