Form 4: Unity Bancorp Officer James Joseph Donovan Reports Stock Transactions
SEC Form 4 Filing
James Joseph Donovan, Chief Lending Officer/FSVP of Unity Bancorp, reports the withholding of 211 shares for tax liability and holdings of restricted and common stock.
Summary
- James Joseph Donovan, Chief Lending Officer/FSVP of Unity Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On January 2, 2025, 211 restricted shares were withheld at $43.61 per share to cover tax liability on 625 restricted shares vesting.
- Following the transaction, Donovan beneficially owns 3,375 restricted shares held at Computershare with upcoming vesting dates and 1,080 common stock shares.
- The total beneficial ownership reported is 4,455 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions reported are typical for executive compensation and tax obligations. Therefore, the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their stock transactions.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the executive's stock-based compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of stock transaction: 211 restricted shares withheld for tax liability at $43.61 per share. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.