Vincent Geraci - 10 Dec 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
Issuer symbol
UNTY
Transactions as of
10 Dec 2021
Net transactions value
+$77,680
Form type
4
Filing time
14 Dec 2021, 15:22:35 UTC
Previous filing
08 Dec 2021
Next filing
05 Jan 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 Tax liability $3,547 -136 -4.3% $26.08 3,000 10 Dec 2021 Direct F1
transaction UNTY Restricted Stock Award $84,760 +3,250 +108% $26.08 6,250 10 Dec 2021 Direct F2
transaction UNTY Restricted Stock Tax liability $3,533 -136 -2.3% $25.98 5,875 13 Dec 2021 Direct F3
holding UNTY Common Stock 717 10 Dec 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) 32,200 10 Dec 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