James A. Hughes - 16 Mar 2024 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
16 Mar 2024
Net transactions value
-$67,977
Form type
4
Filing time
19 Mar 2024, 16:00:22 UTC
Previous filing
12 Mar 2024
Next filing
25 Mar 2024
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 $67,977 -2,426 -4.2% $28.02 54,824 16 Mar 2024 Direct F1, F2
holding UNTY Common Stock 143,309 16 Mar 2024 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) 111,000 16 Mar 2024 Common Stock Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,426 shares were withheld @ $28.02 per share to cover tax liability on 6,000 restricted stock vesting.
F2 54,000 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 54,824.
F3 143,309 shares consisting of 115,515 shares held in an account at Shareworks, 6,085 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 111,000 stock options were granted under various dates and vesting periods of which 102,667 are currently exercisable.

Remarks:

Total Beneficial Ownership: 300,800