George Boyan - May 5, 2023 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Chief Financial Officer
Signature
George Boyan, POA Jason Murray, Accounting Operations Supervisor/AVP
Stock symbol
UNTY
Transactions as of
May 5, 2023
Transactions value $
$0
Form type
4
Date filed
5/9/2023, 12:31 PM
Previous filing
Mar 14, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +11K +75.87% $0.00 25.5K May 5, 2023 Direct F1, F2, F3
holding UNTY Common Stock 11.7K May 5, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 11,000 restricted shares were granted on 5/5/2023 from the 2019 Equity Compensation Plan and vest over 3.86 years; vesting commences with 2,750 shares on 5/5/2024, 2,750 shares on 3/15/2025, 2,750 shares on 3/15/2026, and 2,750 shares on 3/15/2027.
F2 25,000 restricted shares are held in an account at Computershare, which have upcoming vesting dates, 498 are dividend reinvested shares for a total of 25,498.
F3 Mr. Boyan aquires shares quarterly through the Bank's Dividend Reinvestment Plan.
F4 8,045 shares are held in an account at Shareworks, 3,650 shares are held in additional brokage accounts for a total of 11,695

Remarks:

Total Beneficial Ownership: 37,193