Unity Bancorp (UNTY) officer reports 6,007-share ownership stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Unity Bancorp Chief Retail Officer/SVP Daniel Sharabba reported routine equity compensation activity. On January 27, 2026, 186 restricted shares were withheld at $52.33 per share to cover taxes on 438 vesting shares, and he received a grant of 2,000 restricted shares at no cost.
The new grant vests in four equal installments of 500 shares each year from January 27, 2027 through January 27, 2030. Following these updates, he beneficially owns 6,007 shares in total, including 4,885 shares in a Computershare account and 1,122 shares in a Shareworks account.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Sharabba Daniel C
Role
Chief Retail Officer/SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Restricted Stock | 186 | $52.33 | $10K |
| Grant/Award | Restricted Stock | 2,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock — 2,885 shares (Direct);
Common Stock — 1,122 shares (Direct)
Footnotes (1)
- 186 shares were withheld @ $52.33 per share to cover tax liability on 438 restricted stock vesting. 2,000 restricted shares were granted on 1/27/2026 from the 2023 Equity Compensation Plan and vest over four years; vesting commences with 500 shares on 1/27/2027, 500 shares on 1/27/2028, 500 shares on 1/27/2029, and 500 shares on 1/27/2030. 4,812 shares are held in an account at Computershare which have upcoming vesting dates. 73 shares are dividend reinvested shares for a total of 4,885 shares. 1,122 shares are held in an account at Shareworks.
FAQ
What insider transaction did UNTY executive Daniel Sharabba report?
Unity Bancorp executive Daniel Sharabba reported routine equity compensation changes. He had 186 restricted shares withheld at $52.33 to cover taxes on 438 vesting shares and received a new grant of 2,000 restricted shares at no cost under the 2023 Equity Compensation Plan.
Is Daniel Sharabba’s Form 4 for UNTY a major ownership change?
The Form 4 reflects routine equity compensation activity rather than a large open-market trade. It combines tax withholding on vesting restricted stock and a scheduled grant of 2,000 restricted shares, resulting in total beneficial ownership of 6,007 Unity Bancorp shares for the executive.