Form 4: Unity Bancorp Executive Daniel Sharabba Reports Stock Transaction
SEC Form 4 Filing
Daniel Sharabba, a Senior Retail Officer/SVP at Unity Bancorp, reported the withholding of 105 restricted shares to cover tax liability and holdings of 2,895 shares.
Summary
- On June 12, 2024, Daniel Sharabba, a Senior Retail Officer/SVP at Unity Bancorp, reported a transaction involving the company's stock.
- 105 restricted shares were withheld at a price of $26.36 per share to cover tax liabilities related to the vesting of 250 restricted stock units.
- Following the transaction, Sharabba beneficially owns a total of 2,895 shares, including 2,750 restricted shares held at Computershare with upcoming vesting dates and 145 shares held at Shareworks.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is a standard practice for executives to have shares withheld to cover tax obligations upon vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of stock transaction (withholding of shares for tax liability). |
| 06/13/2024 | Date of signature for the Form 4 filing. |
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