James A. Hughes - 31 Aug 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
31 Aug 2023
Net transactions value
-$19,796
Form type
4
Filing time
01 Sep 2023, 13:11:30 UTC
Previous filing
23 Aug 2023
Next filing
05 Oct 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 $19,796 -809 -1.9% $24.47 42,824 31 Aug 2023 Direct F1, F2
holding UNTY Common Stock 134,545 31 Aug 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) 117,940 31 Aug 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 809 shares were withheld @ $24.47 per share to cover tax liability on 2,000 restricted stock vesting.
F2 42,000 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 42,824.
F3 134,545 shares consisting of 106,751 shares held in an account at Shareworks, 6,085 certificated shares held in an account at Computershare, 12,327 shares held in street name, and 9,382 shares are held in a 401K plan.
F4 117,940 stock options were granted under various dates and vesting periods of which 109,607 are currently exercisable.

Remarks:

Total Beneficial Ownership: 286,976