Form 4: Unity Bancorp CFO Reports Stock Transactions Following Restricted Stock Vesting

George Boyan, CFO of Unity Bancorp, reports the withholding of shares to cover tax liabilities following the vesting of restricted stock.

Summary

• On March 15 and 16, 2025, George Boyan, the Chief Financial Officer of Unity Bancorp, reported transactions involving restricted stock.
• A total of 995 shares were withheld on March 15 at a price of $42.445 per share to cover tax liabilities on 2,750 restricted stock vesting.
• On March 16, 1,085 shares were withheld at $42.445 per share to cover tax liabilities on 3,000 restricted stock vesting.
• Following these transactions, Boyan directly owns 30,891 restricted shares and 23,227 common shares.
• 29,500 restricted shares are held in an account at Computershare, which have upcoming vesting dates, with an additional 1,391 shares from dividend reinvestments.
• The total beneficial ownership reported is 54,117 shares.

Sentiment

Score: 7

Explanation: The document reflects routine transactions related to executive compensation. It is neutral in sentiment as it simply reports facts without expressing any positive or negative outlook.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the CFO's holdings, but it is not expected to be significant.

Key Dates