Vincent Geraci - Dec 10, 2021 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director of Mortgage Lending
Signature
Vincent Geraci, POA Laureen Cook, Chief Accounting Officer/SVP
Stock symbol
UNTY
Transactions as of
Dec 10, 2021
Transactions value $
$77,680
Form type
4
Date filed
12/14/2021, 03:22 PM
Previous filing
Dec 8, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Tax liability -$3.55K -136 -4.34% $26.08 3K Dec 10, 2021 Direct F1
transaction UNTY Restricted Stock Award $84.8K +3.25K +108.33% $26.08 6.25K Dec 10, 2021 Direct F2
transaction UNTY Restricted Stock Tax liability -$3.53K -136 -2.26% $25.98 5.88K Dec 13, 2021 Direct F3
holding UNTY Common Stock 717 Dec 10, 2021 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) 32.2K Dec 10, 2021 Common Stock Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 136 shares were withheld @ $26.08 per share to cover tax liability on 375 restricted shares vested.
F2 3,250 restricted shares were granted on 12/10/2021 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 813 shares on 12/10/2022, 813 shares on 12/10/2023, 812 shares on 12/10/2024, and 812 shares on 12/10/2025.
F3 136 shares were withheld @ $25.98 per share to cover tax liability on 375 restricted shares vested.
F4 717 shares are held in an account at Shareworks.
F5 32,200 stock options were granted under various dates and vesting periods of which 24,700 are currently exercisable.

Remarks:

Total Beneficial Ownership: 31,292