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UNITY BANCORP INC /NJ/ — Director's Dealing 2025
Mar 11, 2025
32788_dirs_2025-03-11_af8179e5-87e9-4cce-9184-ec2c02af574b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNITY BANCORP INC /NJ/ (UNTY)
CIK: 0000920427
Period of Report: 2025-03-08
Reporting Person: HUGHES JAMES A (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-08 | Restricted Stock | F | 1819.00 | $42.81 | Disposed | 41324.00 | Direct |
| 2025-03-11 | Restricted Stock | A | 14000.00 | $0.00 | Acquired | 55324.00 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 157371.00 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to buy) | $ | Common Stock () | 99000.00 | Direct |
Footnotes
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.