James A. Hughes - 05 May 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
05 May 2023
Net transactions value
$0
Form type
4
Filing time
09 May 2023, 12:18:55 UTC
Previous filing
21 Apr 2023
Next filing
10 Jul 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 Award $0 +18,000 +63% $0.000000 46,699 05 May 2023 Direct F1, F2
holding UNTY Common Stock 130,777 05 May 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) 119,400 05 May 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 18,000 restricted shares were granted on 5/5/2023 from the 2023 Equity Compensation Plan and vest over 3.86 years; vesting commences with 4,500 shares on 5/5/2024, 4,500 shares on 3/15/2025, 4,500 shares on 3/15/2026, and 4,500 shares on 3/15/2027.
F2 45,875 shares are held in an account at Computershare, which have upcoming vesting dates, 824 are dividend reinvested shares for a total of 46,699.
F3 102,983 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 130,777.
F4 119,400 stock options were granted under various dates and vesting periods of which 111,067 are currently exercisable.

Remarks:

Total Beneficial Ownership: 288,543