James A. Hughes - 25 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
25 Mar 2022
Net transactions value
-$29,026
Form type
4
Filing time
29 Mar 2022, 16:49:27 UTC
Previous filing
16 Mar 2022
Next filing
24 Aug 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 $29,026 -1,011 -2.3% $28.71 43,574 25 Mar 2022 Direct F1, F2
holding UNTY Common Stock 120,031 25 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 25 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 1,011 shares were withheld @ $28.71 per share to cover tax liability on 2,500 restricted shares vesting.
F2 42,750 shares are held in an account at Computershare, which have upcoming vesting dates, 824 are dividend reinvested shares for a total of 43,574.
F3 92,237 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 120,031.
F4 122,000 stock options were granted under various dates and vesting periods of which 100,334 are currently exercisable.

Remarks:

Total Beneficial Ownership: 263,939