John J. Kauchak - Mar 14, 2022 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
EVP/COO
Signature
John J. Kauchak, POA Laurie Cook, Chief Accounting Officer/SVP
Stock symbol
UNTY
Transactions as of
Mar 14, 2022
Transactions value $
-$24,575
Form type
4
Date filed
3/16/2022, 05:29 PM
Previous filing
Mar 10, 2022
Next filing
Mar 29, 2022
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 -$12.2K -439 -4.91% $27.80 8.5K Mar 14, 2022 Direct F1
transaction UNTY Restricted Stock Tax liability -$12.4K -439 -5.53% $28.18 7.5K Mar 16, 2022 Direct F2
transaction UNTY Restricted Stock Award $0 +8K +106.67% $0.00 15.5K Mar 16, 2022 Direct F3, F4
holding UNTY Common Stock 58.6K Mar 14, 2022 Direct F5

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) 75.7K Mar 14, 2022 Common Stock Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 439 shares were withheld @ $27.80 per share to cover tax liability on 1,000 restricted shares vested.
F2 439 shares were withheld @ $28.18 per share to cover tax liability on 1,000 restricted shares vested.
F3 8,000 restricted shares were granted on 3/16/2022 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 2,000 shares on 3/16/2023, 2,000 shares on 3/16/2024, 2,000 shares on 3/16/2025, and 2,000 shares on 3/16/2026,
F4 15,500 shares are held in an account at Computershare, which have upcoming vesting dates.
F5 57,093 shares are held in an account at Shareworks and 1,473 are held in an account at Computershare.
F6 75,661 stock options were granted under various dates and vesting periods of which 60,328 are currently exercisable.

Remarks:

Total Beneficial Ownership: 134,394