UNTY.NASDAQUnity Bancorp INC /NJ/

Form 4: Unity Bancorp CEO James A. Hughes Reports Stock Transactions

Sentiment:

SEC Form 4

📋All filings for Unity Bancorp INC /NJ/
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James A. Hughes, President/CEO of Unity Bancorp, reports the withholding of shares for tax liability and the grant of restricted stock.

Summary

  • On March 8, 2025, James A. Hughes, President/CEO of Unity Bancorp, had 1,819 restricted shares withheld at $42.81 per share to cover tax liability on vesting of 4,500 restricted stock.
  • On March 11, 2025, Hughes was granted 14,000 restricted shares from the 2023 Equity Compensation Plan, vesting over four years starting March 11, 2026.
  • Hughes directly owns 55,324 restricted shares and 157,371 common shares.
  • He also holds options to buy 99,000 common shares, all of which are currently exercisable.

Sentiment

Score: 6

Explanation: Routine disclosure of insider transactions. The grant of restricted stock is a positive sign, but the withholding of shares for taxes is neutral.

Positives

  • The grant of 14,000 restricted shares indicates continued investment in the company's leadership.

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

  • Shareholders can monitor insider transactions for insights into management's confidence in the company.

Key Dates

DateDescription
03/08/20251,819 shares withheld to cover tax liability.
03/11/202514,000 restricted shares granted.
03/11/2026First vesting date for 3,500 of the granted restricted shares.
03/11/2027Second vesting date for 3,500 of the granted restricted shares.
03/11/2028Third vesting date for 3,500 of the granted restricted shares.
03/11/2029Final vesting date for 3,500 of the granted restricted shares.

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