Form 4: Unity Bancorp Executive James R. Davies Reports Stock Transaction

James R. Davies, Controller/SVP of Unity Bancorp, reports the withholding of shares to cover tax liability and updates on beneficial ownership of common and restricted stock.

Summary

• James R. Davies, a Controller/SVP at Unity Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On January 2, 2025, 133 restricted shares were withheld at $43.61 per share to cover tax liability on 313 restricted shares vesting.
• Following the transaction, Davies directly owns 2,025 restricted shares and 1,251 common shares.
• The 2,025 restricted shares include 1,937 shares held at Computershare with upcoming vesting dates and 88 dividend reinvested shares.
• The 1,251 common shares consist of 1,101 shares held at Shareworks and 150 shares held in a brokerage account.
• Davies' total beneficial ownership is 3,276 shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a routine stock transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a senior executive at Unity Bancorp.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of equity compensation.

Key Dates