Form 4: Unity Bancorp Executive James R. Davies Reports Stock Transactions
SEC Form 4
James R. Davies, Controller/SVP of Unity Bancorp, reported the acquisition and disposal of company stock, including shares withheld for tax obligations.
Summary
- James R. Davies, a Controller/SVP at Unity Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On December 9, 2024, Mr. Davies had 91 shares of restricted stock withheld at $45.62 per share to cover tax liabilities related to the vesting of 250 restricted shares.
- Following the transaction, Mr. Davies beneficially owns 2,331 shares of restricted stock, including 2,250 shares with upcoming vesting dates and 81 dividend reinvested shares.
- Mr. Davies also owns 1,069 shares of common stock, consisting of 919 shares held in a Shareworks account and 150 shares held in a brokerage account.
- The total beneficial ownership of Mr. Davies is 3,399 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, which is neither positive nor negative in itself.
Industry Context
This is a routine filing related to executive stock transactions, which is common in publicly traded companies. It provides transparency into the holdings of company insiders.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
- The reported transactions are typical for executives who receive stock-based compensation, such as restricted stock units.
- The withholding of shares for tax obligations is a common practice when restricted stock vests.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transactions have a minimal impact on the company's overall financial position.
Key Dates
| Date | Description |
|---|---|
| 12/09/2024 | Date of the reported stock transaction and the date of the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Restricted Stock, Common Stock, Unity Bancorp, Executive Compensation, Insider Trading
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