Form 4: Unity Bancorp CEO James A. Hughes Reports Stock Transactions
SEC Form 4 Filing
James A. Hughes, President/CEO of Unity Bancorp, reports the withholding of 2,426 shares for tax liability and ongoing beneficial ownership of common stock and stock options.
Summary
- James A. Hughes, the President/CEO of Unity Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On March 16, 2024, 2,426 shares of restricted stock were withheld at $28.02 per share to cover tax liabilities related to the vesting of 6,000 restricted stock units.
- Following the transaction, Hughes directly owns 54,824 restricted shares held at Computershare and 143,309 shares of common stock held across various accounts.
- Hughes also holds 111,000 stock options, with 102,667 currently exercisable.
- The total beneficial ownership reported is 300,800 shares.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by the CEO of a publicly traded company.
Key Dates
| Date | Description |
|---|---|
| 03/16/2024 | Date of restricted stock transaction (withholding for tax liability). |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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