Form 4: Unity Bancorp SVP Vincent Geraci Reports Stock Transaction
SEC Form 4
Vincent Geraci, SVP at Unity Bancorp, reports the withholding of 425 restricted shares to cover tax liability and discloses beneficial ownership of common and restricted stock.
Summary
- Vincent Geraci, a Senior Vice President at Unity Bancorp, filed a Form 4.
- The report details a transaction on January 2, 2025, where 425 restricted shares were withheld to cover tax liability at a price of $43.61 per share.
- Following the transaction, Geraci beneficially owns 5,312 restricted shares held at Computershare with upcoming vesting dates, and 1,811 common shares held at Shareworks.
- His total beneficial ownership is 7,123 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing a routine stock transaction.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: 425 restricted shares withheld for tax liability. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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