Mark Brody - Jan 2, 2024 Form 4 Insider Report for UNITY BANCORP INC /NJ/ (UNTY)

Role
Director
Signature
Dr. Mark Brody, POA Jason Murray, Accounting Operations Supervisor/AVP
Stock symbol
UNTY
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/4/2024, 01:39 PM
Previous filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNTY Restricted Stock Award $0 +2.2K +80% $0.00 4.95K Jan 2, 2024 Direct F1, F2
holding UNTY Common Stock 70K Jan 2, 2024 Direct F3
holding UNTY Common Stock 40.1K Jan 2, 2024 Financial Planning Analysts
holding UNTY Common Stock 247K Jan 2, 2024 Financial Planning Analysts Dispositive Shares F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding UNTY Stock Options (Right to buy) 22.8K Jan 2, 2024 Common Stock Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,200 restricted shares were granted on 1/2/2024 from the 2023 Equity Compensation Plan and vest over four years; vesting commences with 550 shares on 1/2/2025, 550 shares on 1/2/2026, 550 shares on 1/2/2027, and 550 shares on 1/2/2028.
F2 4,950 shares are held in an account at Computershare, which have upcoming vesting dates.
F3 A total of 70,002 shares are beneficially owned by Dr. Mark Brody; 33,592 are held jointly with his spouse, 13,436 are held at Fidelity, 22,854 are held in an account at Shareworks, and 120 are held in an account at Computershare.
F4 Shares held in a master account of Financial Planning Analysts over which Dr. Brody has no voting authority, but has dispositive power.
F5 22,800 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Remarks:

Total Beneficial Ownership: 385,319