Form 4: Unity Bancorp CEO James A. Hughes Reports Stock Transactions
SEC Form 4 Filing
James A. Hughes, President and CEO of Unity Bancorp, reports the withholding of shares to cover tax liability and details of stock and option holdings.
Summary
- James A. Hughes, the President and CEO of Unity Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On March 25, 2025, 1,011 restricted shares were withheld at $43.06 per share to cover tax liabilities related to the vesting of 2,500 restricted stock units.
- Following the transaction, Hughes directly owns 43,824 restricted shares and 164,222 common shares.
- He also holds options to buy 99,000 common shares, which are currently exercisable.
- His total beneficial ownership amounts to 307,046 shares.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey 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.
Stakeholder Impact
- Shareholders are informed about the CEO's stock transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 03/25/2025 | Date of transaction: 1,011 restricted shares withheld for tax liability. |
| 03/26/2025 | Date of report submission. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Restricted Stock, UNTY, Unity Bancorp, James A. Hughes, Insider Trading
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