Form 4: Unity Bancorp Officer James Joseph Donovan Reports Sale of Common Stock

James Joseph Donovan, Chief Lending Officer/SVP of Unity Bancorp, reported selling 750 shares of common stock at $34.97 per share on July 26, 2024.

Summary

• James Joseph Donovan, Chief Lending Officer/SVP of Unity Bancorp, filed a Form 4 on July 29, 2024.
• The report details a transaction on July 26, 2024, where Donovan sold 750 shares of Unity Bancorp common stock at a price of $34.97 per share.
• Following the transaction, Donovan directly owns 166 shares of common stock and 4,500 restricted shares.
• The 4,500 restricted shares are held in an account at Computershare and have upcoming vesting dates.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider stock sale, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity, required by the SEC to ensure transparency and prevent illegal insider trading. It provides investors with information about the trading activities of company insiders, which can be used to assess their confidence in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed is consistent with SEC regulations and industry norms for insider trading reporting.
• Comparable companies would have similar filings when their officers or directors trade company stock.

Key Dates