Form 4: Unity Bancorp CFO George Boyan Reports Stock Transactions

George Boyan, CFO of Unity Bancorp, reports the withholding of 904 shares for tax liability and discloses beneficial ownership of restricted and common stock.

Summary

• On April 5, 2025, George Boyan, the Chief Financial Officer of Unity Bancorp, reported a transaction involving restricted stock.
• 904 shares of restricted stock were withheld at a price of $38.73 per share to cover tax liabilities related to the vesting of 2,500 restricted stock units.
• Following the reported transaction, Boyan's beneficial ownership includes 28,512 restricted shares held at Computershare, with upcoming vesting dates, and 24,886 common shares.
• The common shares consist of 23,886 shares held in an account at Shareworks and 1,000 shares held in street name.
• Boyan's total beneficial ownership amounts to 53,398 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions and ownership positions in the company. It allows investors to monitor the actions of key executives and their alignment with shareholder interests.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the CFO's stock transactions and ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock, Common Stock, Unity Bancorp, UNTY, George Boyan, CFO, Tax Withholding, Vesting