Form 4: Unity Bancorp CEO Reports Stock Transactions

James A. Hughes, CEO of Unity Bancorp, reported the disposition of 330 common shares and the holding of 45,824 restricted shares and 100,000 stock options.

Summary

• James A. Hughes, the President and CEO of Unity Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 14, 2024, Mr. Hughes disposed of 330 common shares at a price of $45.83 per share.
• Following the transaction, Mr. Hughes beneficially owns 153,690 common shares, which includes shares held in various accounts.
• He also holds 45,824 restricted shares, with 45,000 held at Computershare and 824 dividend reinvested shares.
• Additionally, Mr. Hughes holds 100,000 stock options, all of which are currently exercisable.
• The total beneficial ownership of Mr. Hughes is 299,514 shares.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company executive, and does not contain any information that would indicate a positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders who trade their company's stock. It provides transparency into the transactions of key personnel.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The reported transactions are typical for executives who hold stock options and restricted stock as part of their compensation packages.
• The level of detail provided in the filing is consistent with SEC requirements for insider trading disclosures.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock transactions of the company's CEO.
• The information is relevant to investors who track insider trading activity as an indicator of management's confidence in the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Options, Restricted Stock, Unity Bancorp, James A. Hughes, Securities Transaction