James A. Hughes - Aug 31, 2021 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
President/CEO, Director
Signature
James A. Hughes, POA Laurie Cook, Chief Accounting Officer/SVP
Stock symbol
UNTY
Transactions as of
Aug 31, 2021
Transactions value $
$0
Form type
4
Date filed
9/2/2021, 01:50 PM
Previous filing
Aug 24, 2021
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +8K +30.68% $0.00 34.1K Aug 31, 2021 Direct F1, F2
holding UNTY Common Stock 115K Aug 31, 2021 Direct F3

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) 122K Aug 31, 2021 Common Stock Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 8,000 restricted shares were granted on 8/31/2021 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 2,000 shares on 8/31/2022, 2,000 shares on 8/31/2023, 2,000 shares on 8/31/2024, and 2,000 shares on 8/31/2025.
F2 33,250 shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 34,074.
F3 87,214 shares are held in an account at Shareworks, 6,085 shares held in an account at Computershare, 12,427 shares held in additional brokerage accounts, and 9,432 shares are held in a 401(K) for a total of 115,158.
F4 122,000 stock options were granted under various dates and vesting periods of which 74,001 are currently exercisable.

Remarks:

Total Beneficial Ownership: $223,233