Janice Bolomey - Mar 14, 2022 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
EVP/CAO
Signature
Janice Bolomey, POA Laurie Cook, Chief Accounting Officer/SVP
Stock symbol
UNTY
Transactions as of
Mar 14, 2022
Transactions value $
-$23,736
Form type
4
Date filed
3/16/2022, 05:27 PM
Previous filing
Mar 10, 2022
Next filing
Mar 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Tax liability -$11.8K -424 -4.75% $27.80 8.5K Mar 14, 2022 Direct F1
transaction UNTY Restricted Stock Tax liability -$11.9K -424 -5.35% $28.18 7.5K Mar 16, 2022 Direct F2
transaction UNTY Restricted Stock Award $0 +8K +106.67% $0.00 15.5K Mar 16, 2022 Direct F3, F4
holding UNTY Common Stock 27K Mar 14, 2022 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) 74K Mar 14, 2022 Common Stock Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 424 shares were withheld @ 27.80 per share to cover tax liability on 1,000 restricted shares vested.
F2 424 shares were withheld @ $28.18 per share to cover tax liability on 1,000 restricted shares vested.
F3 8,000 restricted shares were granted on 3/16/2022 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 2,000 shares on 3/16/2023, 2,000 shares on 3/16/2024, 2,000 shares on 3/16/2025, and 2,000 shares on 3/16/2026.
F4 15,500 Shares are held in an account at Computershare, which have upcoming vesting dates.
F5 27,017 shares are held in an account at Shareworks.
F6 74,000 stock options were granted under various dates and vesting periods of which 58,667 are currently exercisable.

Remarks:

Total Beneficial Ownership: 101,184