James A. Hughes - 12 Mar 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
President/CEO, Director
Signature
James A. Hughes, POA Jason Murray, Accounting Operations Supervisor, AVP
Issuer symbol
UNTY
Transactions as of
12 Mar 2023
Net transactions value
-$27,042
Form type
4
Filing time
14 Mar 2023, 14:27:58 UTC
Previous filing
12 Jan 2023
Next filing
21 Mar 2023
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 $27,042 -1,111 -2.9% $24.34 37,199 12 Mar 2023 Direct F1, F2
holding UNTY Common Stock 124,513 12 Mar 2023 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) 120,600 12 Mar 2023 Common Stock Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,111 shares were withheld @ $24.34 per share to cover tax liability on 2,500 restricted stock vesting.
F2 36,375 shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 37,199.
F3 124,513 shares consisting of 96,719 shares held in an account at Shareworks, 6,085 shares held in an account at Computershare, 12,327 shares held in a brokerage account, and 9,382 shares are held in a 401K plan.
F4 120,600 stock options were granted under various dates and vesting periods of which 98,934 are currently exercisable.

Remarks:

Total Beneficial Ownership: 260,646