Form 4: Unity Bancorp CFO Sells Shares in Recent Transaction

Unity Bancorp's Chief Financial Officer, George Boyan, sold 2,650 shares of common stock at a weighted average price of $46.3376 per share on November 22, 2024.

Summary

• George Boyan, the Chief Financial Officer of Unity Bancorp, sold 2,650 shares of common stock on November 22, 2024.
• The sale was executed in multiple trades with prices ranging from $46.30 to $46.52 per share, resulting in a weighted average price of $46.3376.
• Following the transaction, Mr. Boyan directly owns 17,593 shares of common stock, with 16,593 held in a Shareworks account and 1,000 in a brokerage account.
• He also holds 30,051 shares of restricted stock, with 28,750 held at Computershare and 1,301 as dividend reinvested shares.
• Mr. Boyan's total beneficial ownership after the transaction is 47,644 shares.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by an executive, which is a routine event. It does not indicate positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It does not indicate any specific trend in the banking industry.

Comparison to Industry Standards

• Insider trading disclosures are a standard practice for all publicly listed companies, including those in the banking sector.
• The sale of shares by a CFO is not unusual and can be for various personal financial reasons.
• Comparable companies would also have similar disclosures when their executives trade company stock.

Stakeholder Impact

• The stock sale by the CFO may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the company's operations or financial health.

Key Dates

Keywords

Unity Bancorp, George Boyan, Chief Financial Officer, stock sale, insider trading, UNTY, share transaction, restricted stock