Form 4: Unity Bancorp Executive Kim Minsu Reports Stock Transactions
SEC Form 4 Filing
Minsu Kim, Chief Credit Officer/SVP of Unity Bancorp, reports the withholding of shares to cover tax liability and beneficial ownership of common and restricted stock.
Summary
- Minsu Kim, the Chief Credit Officer/SVP of Unity Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On January 2, 2025, 213 restricted stock shares were withheld at $43.61 per share to cover tax liability related to the vesting of 500 restricted stock shares.
- Following the transaction, Kim directly owns 2,688 restricted stock shares held in an account at Computershare, which includes 63 dividend reinvested shares and have upcoming vesting dates.
- Kim also directly owns 806 common stock shares held in an account at Sharework.
- The total beneficial ownership reported is 3,493 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of stock transaction: 213 restricted stock shares withheld for tax liability. |
| 01/03/2025 | Date of signature for the report. |
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