Form 4: Unity Bancorp Director's Stock Transactions Revealed

A recent filing details stock transactions by a Unity Bancorp director, including the vesting of restricted shares and shares withheld for tax purposes.

Summary

• A director at Unity Bancorp, Vincent Geraci, had 813 restricted shares vest.
• 294 shares were withheld at $45.39 per share to cover the tax liability on the vesting shares.
• 6,687 restricted shares are held in an account at Computershare with upcoming vesting dates.
• 997 shares are held in an account at Shareworks.
• The total beneficial ownership of Vincent Geraci is 7,684 shares.
• Amanda Roche, Finance Department Supervisor/VP, is the POA for Vincent Geraci.

Sentiment

Score: 5

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

Industry Context

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

Comparison to Industry Standards

• Stock transactions by directors are routinely disclosed by publicly traded companies.
• The vesting of restricted stock is a common form of compensation for executives and directors.
• The withholding of shares to cover tax liabilities is a standard practice.

Stakeholder Impact

• The stock transactions may have a minor impact on the overall shareholding structure of the company.

Key Dates

Keywords

Unity Bancorp, stock transactions, restricted stock, share vesting, beneficial ownership, director, tax liability