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

Role
Chief Accounting Officer
Signature
Laureen Cook, POA Jason Murray, Accounting Operations Supervisor
Issuer symbol
UNTY
Transactions as of
10 Dec 2021
Net transactions value
+$44,242
Form type
4
Filing time
14 Dec 2021, 15:24:00 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 $2,660 -102 -4.9% $26.08 2,000 10 Dec 2021 Direct F1
transaction UNTY Restricted Stock Award $49,552 +1,900 +95% $26.08 3,900 10 Dec 2021 Direct F2
transaction UNTY Restricted Stock Tax liability $2,650 -102 -2.7% $25.98 3,650 13 Dec 2021 Direct F3, F4
holding UNTY Common Stock 19,995 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) 18,000 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 102 shares were withheld @ $26.08 per share to cover tax liability on 250 restricted shares vested.
F2 1,900 restricted shares were granted on 12/10/2021 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 475 shares on 12/10/2022, 475 shares on 12/10/2023, 475 shares on 12/10/2024, and 475 shares on 12/10/2025.
F3 102 shares were withheld @ 25.98 per share to cover tax liability on 250 restricted shares vested.
F4 3,650 shares are held in an account at Computershare, which have upcoming vesting dates.
F5 16,954 shares are held jointly with her spouse in a brokerage account, 444 shares are held in an account at Shareworks, and 2,597 shares are held in a 401K.
F6 18,000 stock options were granted under various dates and vesting periods of which 14,001 are currently exercisable.

Remarks:

Total Beneficial Ownership: 37,646