James A. Hughes - 16 Mar 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
President/CEO, Director
Signature
James A. Hughes, POA Jason Murray, Accounting Operations Supervisor, AVP
Issuer symbol
UNTY
Transactions as of
16 Mar 2023
Net transactions value
-$56,212
Form type
4
Filing time
21 Mar 2023, 11:32:01 UTC
Previous filing
14 Mar 2023
Next filing
28 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Tax liability $14,070 -607 -1.7% $23.18 35,699 16 Mar 2023 Direct F1
transaction UNTY Restricted Stock Tax liability $42,141 -1,818 -5.5% $23.18 31,199 16 Mar 2023 Direct F2, F3
holding UNTY Common Stock 128,088 16 Mar 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding UNTY Stock Options (Right to buy) 120,600 16 Mar 2023 Common Stock Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 607 shares were withheld @ $23.18 per share to cover tax liability on 1,500 restricted stock vesting.
F2 1,818 shares were withheld @ $23.18 per share to cover tax liability on 4,500 restricted stock vesting.
F3 30,375 shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 31,199.
F4 128,088 shares consisting of 100,294 shares held in an account at Shareworks, 6,085 shares held in an account at Computershare, 12,327 shares held in a brokerage account, and 9,382 shares are held in a 401K plan.
F5 120,600 stock options were granted under various dates and vesting periods of which 103,934 are currently exercisable.

Remarks:

Total Beneficial Ownership: 263,221