James A. Hughes - 31 Aug 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
Issuer symbol
UNTY
Transactions as of
31 Aug 2021
Net transactions value
$0
Form type
4
Filing time
02 Sep 2021, 13:50:39 UTC
Previous filing
24 Aug 2021
Next filing
10 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +8,000 +31% $0.000000 34,074 31 Aug 2021 Direct F1, F2
holding UNTY Common Stock 115,158 31 Aug 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) 122,000 31 Aug 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