Mark Brody - Jan 3, 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director
Signature
Dr. Mark Brody, POA Jason Murray, Accounting Operations Supervisor/AVP
Stock symbol
UNTY
Transactions as of
Jan 3, 2023
Transactions value $
$0
Form type
4
Date filed
1/5/2023, 09:22 AM
Previous filing
Jan 5, 2022
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +2K +100% $0.00 4K Jan 3, 2023 Direct F1, F2
holding UNTY Common Stock 68.8K Jan 3, 2023 Direct F3
holding UNTY Common Stock 40.1K Jan 3, 2023 Financial Planning Analysts
holding UNTY Common Stock 247K Jan 3, 2023 Financial Planning Analysts Dispositive Shares F4

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) 22.8K Jan 3, 2023 Common Stock Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,000 restricted shares were granted on 1/3/2023 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 500 shares on 1/3/2024, 500 shares on 1/3/2025, 500 shares on 1/3/2026, and 500 shares on 1/3/2027.
F2 4,000 shares are held in an account at Computershare, which have upcoming vesting dates.
F3 A total of 68,752 shares are beneficially owned by Dr. Mark Brody; 33,592 are held jointly with his spouse, 13,436 are held in street name, 21,604 are held in an account at Shareworks, and 120 are held in an account at Computershare.
F4 Shares held in a master account of Financial Planning Analysts over which Dr. Mark Brody has no voting authority, but has dispositive power.
F5 22,800 stock options were granted under various dates and vesting periods of which 21,467 are currently exercisable.

Remarks:

Total Beneficial Ownership: 381,786