Form 4: Unity Bancorp CFO James Davies' Stock Transaction

Unity Bancorp CFO James Davies reported a tax-related disposition of 132 restricted shares at $51.08 per share on January 2, 2026, following the vesting of 312 shares.

Summary

• James R Davies, Chief Financial Officer and FSVP of Unity Bancorp Inc. (UNTY), reported a transaction on January 2, 2026.
• The transaction involved the disposition of 132 restricted shares at a price of $51.08 per share.
• These shares were withheld to cover tax liability associated with the vesting of 312 restricted shares.
• Following this transaction, Mr. Davies beneficially owns a total of 4,266 shares.
• This total includes 2,501 restricted shares (2,375 held at Computershare with upcoming vesting dates and 126 dividend reinvested shares) and 1,765 common shares (1,615 at Shareworks and 150 in a brokerage account).

Sentiment

Score: 7

Explanation: The filing details a routine, expected tax-related disposition of shares following the vesting of restricted stock for a key executive. The executive retains a substantial beneficial ownership, and the vesting itself is a positive indicator of compensation fulfillment.

Positives

• The vesting of 312 restricted shares indicates the fulfillment of performance or tenure conditions for the Chief Financial Officer.
• James R Davies continues to hold a significant beneficial ownership of 4,266 shares in Unity Bancorp, aligning his interests with shareholders.
• A substantial portion of his holdings (2,375 shares) are restricted shares with upcoming vesting dates, indicating future commitment.

Negatives

• The disposition of 132 restricted shares, even for tax purposes, represents a reduction in direct ownership.

Future Outlook

A portion of the Chief Financial Officer's remaining restricted shares (2,375 shares) have upcoming vesting dates, indicating future equity compensation events.

Industry Context

This Form 4 filing details a routine insider transaction, specifically a tax-related disposition of restricted stock upon vesting, which is a common occurrence for executives in publicly traded companies across the financial services industry.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, tax-related transaction for an executive, not a discretionary sale of a large block of shares. The executive's continued significant ownership aligns interests.
• Employees: The vesting of restricted stock is a positive for the executive, reflecting compensation and retention strategies.

Next Steps

• Upcoming vesting dates for 2,375 restricted shares held at Computershare.

Key Dates

Keywords

Unity Bancorp, UNTY, James R Davies, CFO, Insider Transaction, Restricted Stock, Stock Vesting, Tax Withholding, Beneficial Ownership