Stephen Rooney - 10 Dec 2021 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Chief Credit Officer/1st SVP
Signature
Stephen F. Rooney, POA Laurie Cook, Chief Accounting Officer/SVP
Issuer symbol
UNTY
Transactions as of
10 Dec 2021
Net transactions value
+$34,952
Form type
4
Filing time
14 Dec 2021, 15:23:27 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 $2,973 -114 -5.9% $26.08 1,812 10 Dec 2021 Direct F1
transaction UNTY Restricted Stock Award $39,120 +1,500 +83% $26.08 3,312 10 Dec 2021 Direct F2
transaction UNTY Restricted Stock Tax liability $1,195 -46 -1.4% $25.98 3,187 13 Dec 2021 Direct F3, F4
holding UNTY Common Stock 8,229 10 Dec 2021 Direct F5

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) 29,300 10 Dec 2021 Common Stock Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 114 shares were withheld @ $26.08 per share to cover tax liability on 313 restricted shares vested.
F2 1,500 restricted shares were granted on 12/10/2021 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 375 shares on 12/10/2022, 375 shares on 12/10/2023, 375 shares on 12/10/2024, and 375 shares on 12/10/2025.
F3 46 shares were withheld @ $25.98 per share to cover tax liability on 125 restricted shares vested.
F4 3,187 shares are held in an account at Computershare, which have upcoming vesting dates.
F5 8,229 shares are held in an account at Shareworks.
F6 29,300 stock options were granted under various dates and vesting periods of which 24,968 are currently exercisable.

Remarks:

Total Beneficial Ownership: 36,384