George Boyan - Mar 8, 2025 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Chief Financial Officer
Signature
George Boyan, POA Amanda Roche, Finance Department Supervisor/VP
Stock symbol
UNTY
Transactions as of
Mar 8, 2025
Transactions value $
-$46,449
Form type
4
Date filed
3/11/2025, 04:01 PM
Previous filing
Nov 22, 2024
Next filing
Mar 18, 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 -$46.4K -1.09K -3.84% $42.81 27.1K Mar 8, 2025 Direct F1
transaction UNTY Restricted Stock Award $0 +9.5K +35% $0.00 36.6K Mar 11, 2025 Direct F2, F3
holding UNTY Common Stock 19.6K Mar 8, 2025 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,085 shares were withheld @ $42.81 per share to cover tax liability on 3,000 restricted stock vesting.
F2 9,500 restricted shares were granted on 3/11/2025 from the 2023 Equity Compensation Plan and vest over 4 years; vesting commences with 2,375 shares on 3/11/2026, 2,375 shares on 3/11/2027, 2,375 shares on 3/11/2028, and 2,375 shares on 3/11/2029.
F3 35,250 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 1,391 shares are dividend reinvested shares for a total of 36,641.
F4 19,557 shares consisting of 18,557 shares held in an account at Shareworks, and 1,000 shares held in street name.

Remarks:

Total Beneficial Ownership: 56,197