0001562180-22-002683.txt : 20220316 0001562180-22-002683.hdr.sgml : 20220316 20220316173008 ACCESSION NUMBER: 0001562180-22-002683 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220314 FILED AS OF DATE: 20220316 DATE AS OF CHANGE: 20220316 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HUGHES JAMES A CENTRAL INDEX KEY: 0001238304 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12431 FILM NUMBER: 22745896 MAIL ADDRESS: STREET 1: C/O UNITYBANK CORP STREET 2: 64 OLD HWY 22 CITY: CLINTON STATE: NJ ZIP: 08809 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: UNITY BANCORP INC /NJ/ CENTRAL INDEX KEY: 0000920427 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 223282551 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 64 OLD HIGHWAY 22 CITY: CLINTON STATE: NJ ZIP: 08809 BUSINESS PHONE: 9087307630 MAIL ADDRESS: STREET 1: 64 OLD HIGHWAY 22 CITY: CLINTON STATE: NJ ZIP: 08809 FORMER COMPANY: FORMER CONFORMED NAME: UNITY BANCORP INC /DE/ DATE OF NAME CHANGE: 19940316 4 1 primarydocument.xml PRIMARY DOCUMENT X0306 4 2022-03-14 false 0000920427 UNITY BANCORP INC /NJ/ UNTY 0001238304 HUGHES JAMES A UNITY BANK 64 OLD HWY 22 CLINTON NJ 08809 true true false false President/CEO Restricted Stock 2022-03-14 4 F false 1003.00 27.80 D 29574.00 D Restricted Stock 2022-03-16 4 F false 607.00 28.18 D 28074.00 D Restricted Stock 2022-03-16 4 A false 18000.00 0.00 A 46074.00 D Common Stock 118542.00 D Stock Options (Right to buy) Common Stock 122000.00 D 1,003 shares were withheld @ $27.80 per share to cover tax liability on 2,500 restricted shares vested. 607 shares were withheld @ $28.18 per share to cover tax liability on 1,500 restricted shares vested. 18,000 restricted shares were granted on 3/16/2022 from the 2019 Equity Compensation Plan and vest over four years; vesting commences with 4,500 shares on 3/16/2023, 4,500 shares on 3/16/2024, 4,500 shares on 3/16/2025, and 4,500 shares on 3/16/2026. 45,250 shares are held in an account at Computershare, which have upcoming vesting dates, 824 are dividend reinvested shares for a total of 46,074. 90,748 shares are held in an account at Shareworks, 6,085 are held in an account at Computershare, 12,327 shares are held in additional brokerage accounts, and 9,382 are held in a 401(K) for a total of 118,542. 122,000 stock options were granted under various dates and vesting periods of which 92,000 are currently exercisable. Total Beneficial Ownership: 256,616 James A. Hughes, POA Laurie Cook, Chief Accounting Officer/SVP 2022-03-16