Form 4: Unity Bancorp Executive Sells Shares and Reports Beneficial Ownership

James Joseph Donovan, Chief Lending Officer/FSVP of Unity Bancorp, sold 1,080 shares of common stock at $48.8791 per share and reported beneficial ownership of 4,975 restricted shares.

Summary

• On February 4, 2025, James Joseph Donovan, Chief Lending Officer/FSVP of Unity Bancorp, sold 1,080 shares of common stock.
• The sale was executed at a price of $48.8791 per share.
• Following the transaction, Donovan reported beneficial ownership of 4,975 restricted shares held in an account at Computershare with upcoming vesting dates.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when an insider of a publicly traded company, like Unity Bancorp, buys or sells the company's securities. It provides transparency into the transactions of company executives and their holdings.

Stakeholder Impact

• The stock sale by a company executive could be perceived differently by stakeholders.
• Some may see it as a lack of confidence in the company's future, while others may view it as a personal financial decision.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Sale, Unity Bancorp, UNTY, James Joseph Donovan, Chief Lending Officer, Restricted Stock, Computershare