Form 4: Unity Bancorp Director's Stock Transaction Details

A Unity Bancorp director, Vincent Geraci, had 136 shares withheld to cover taxes on vesting restricted stock, with additional shares held in various accounts.

Summary

• Vincent Geraci, a Director and SVP of Mortgage Lending at Unity Bancorp, had a stock transaction on December 11, 2024.
• 136 shares of common stock were withheld at a price of $45.81 per share to cover tax liabilities.
• This withholding was related to the vesting of 375 restricted shares.
• 6,312 restricted shares are held in an account at Computershare with upcoming vesting dates.
• An additional 1,236 shares are held in an account at Shareworks.
• The total beneficial ownership of Vincent Geraci is 7,548 shares.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock transaction, with no positive or negative implications.

Industry Context

This is a standard disclosure of a stock transaction by a company director, which is common in the financial industry.

Comparison to Industry Standards

• Stock transactions by directors are a common occurrence in publicly traded companies.
• The disclosure of restricted stock vesting and tax withholding is standard practice.
• Companies like JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) also regularly report similar transactions by their executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares.
• The transaction is part of the standard compensation and incentive structure for company directors.

Key Dates

Keywords

stock transaction, restricted stock, share withholding, vesting, beneficial ownership, Unity Bancorp, UNTY