Form 4: Unity Bancorp Director Mary E. Gross Reports Stock Disposal
SEC Form 4 Filing
Director Mary E. Gross reports the disposal of 672 shares of Unity Bancorp stock at $34.04 per share on July 30, 2024.
Summary
- On July 30, 2024, Mary E. Gross, a director of Unity Bancorp INC /NJ/ (UNTY), disposed of 672 shares of common stock at a price of $34.04 per share.
- Following the transaction, Gross directly owns 16,504 shares of common stock.
- Gross also directly owns 5,250 shares of restricted stock with upcoming vesting dates.
- Additionally, Gross holds options to purchase 6,600 shares of common stock, which are currently exercisable.
- The total beneficial ownership reported is 28,354 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions are closely monitored by investors for insights into management's perspective on the company's prospects.
Stakeholder Impact
- The transaction may be of interest to shareholders as it provides insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 07/30/2024 | Date of stock disposal transaction |
| 07/31/2024 | Date of report submission |
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