James A. Hughes - 08 Mar 2025 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
President/CEO, Director
Signature
James A. Hughes, POA Amanda Roche, Finance Department Supervisor/VP
Issuer symbol
UNTY
Transactions as of
08 Mar 2025
Net transactions value
-$77,871
Form type
4
Filing time
11 Mar 2025, 16:01:17 UTC
Previous filing
07 Mar 2025
Next filing
18 Mar 2025
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 $77,871 -1,819 -4.2% $42.81 41,324 08 Mar 2025 Direct F1
transaction UNTY Restricted Stock Award $0 +14,000 +34% $0.000000 55,324 11 Mar 2025 Direct F2, F3
holding UNTY Common Stock 157,371 08 Mar 2025 Direct F4

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) 99,000 08 Mar 2025 Common Stock Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,819 shares were withheld @ $42.81 per share to cover tax liability on 4,500 restricted stock vesting.
F2 14,000 restricted shares were granted on 3/11/2025 from the 2023 Equity Compensation Plan and vest over 4 years; vesting commences with 3,500 shares on 3/11/2026, 3,500 shares on 3/11/2027, 3,500 shares on 3/11/2028, and 3,500 shares on 3/11/2029.
F3 54,500 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 55,324.
F4 157,371 shares consisting of 129,907 shares held in an account at Shareworks, 6,085 shares held in an account at Computershare, 11,997 shares held in street name, and 9,382 shares are held in a 401K plan.
F5 99,000 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Remarks:

Total Beneficial Ownership: 311,695