Vincent Geraci - Dec 9, 2022 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director of Mortgage Lending
Signature
Vincent Geraci, POA Jason Murray, Accounting Operations Supervisor/AVP
Stock symbol
UNTY
Transactions as of
Dec 9, 2022
Transactions value $
-$15,491
Form type
4
Date filed
12/13/2022, 01:21 PM
Previous filing
Dec 7, 2022
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Shares Award $0 +3K +58.54% $0.00 8.13K Dec 9, 2022 Direct F1
transaction UNTY Restricted Shares Tax liability -$15.5K -566 -7.94% $27.37 6.56K Dec 12, 2022 Direct F2
holding UNTY Common Stock 2.17K Dec 9, 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) 25.2K Dec 9, 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 3,000 restricted shares were granted on 12/09/2022 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 750 shares on 12/09/2023, 750 shares on 12/09/2024, 750 shares on 12/09/2025, and 750 shares on 12/09/2026.
F2 566 shares were withheld @ $27.37 per share to cover tax liability on 1,563 restricted stock vesting.
F3 2,169 shares are held in an account at Shareworks.
F4 25,200 stock options were granted under various dates and vesting periods of which 22,700 are currently exercisable.

Remarks:

Total Beneficial Ownership: 31,431