James A. Hughes - 09 Mar 2022 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
09 Mar 2022
Net transactions value
-$23,275
Form type
4
Filing time
10 Mar 2022, 14:27:05 UTC
Previous filing
02 Sep 2021
Next filing
16 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 Tax liability $23,275 -856 -2.6% $27.19 32,074 09 Mar 2022 Direct F1, F2
holding UNTY Common Stock 116,152 09 Mar 2022 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 09 Mar 2022 Common Stock Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 856 shares were withheld @ $27.19 per share to cover tax liability on 2,000 restricted shares vested.
F2 31,250 shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 32,074.
F3 88,358 shares are held in an account at Shareworks, 6,085 are held in an account at Computershare, 12,327 shares are held in additional brokerage accounts, and 9,382 are held in a 401(k) for a total of 116,152.
F4 122,000 stock options were granted under various dates and vesting periods of which 78,667 are currently exercisable.

Remarks:

Total Beneficial Ownership: 226,893