Is the Unity Bancorp (UNTY) CEO’s tax-withholding share disposition a market sale?

No. The 1,415 shares were withheld to satisfy taxes on a restricted stock vesting. This F-code disposition reflects shares delivered back to cover tax obligations rather than an open-market sale decision by the CEO.

Unity Bancorp (UNTY) CEO awarded 15,000 restricted shares, shares withheld for taxes

Q: What equity compensation did Unity Bancorp (UNTY) CEO James Hughes receive?

Unity Bancorp CEO James Hughes received a grant of 15,000 restricted shares on March 10, 2026 . The award comes from the 2023 Equity Compensation Plan and vests in four equal annual installments from 2027 through 2030 , aligning with long-term incentives.

Q: Why were 1,415 Unity Bancorp (UNTY) shares disposed of in this Form 4?

The 1,415 restricted shares were withheld at $50.40 per share to cover tax liability on a 3,500-share restricted stock vesting. This is a tax-withholding disposition , not an open-market sale, and is typical for equity awards vesting.

Q: What is the vesting schedule for the new Unity Bancorp (UNTY) restricted stock grant?

The 15,000-share restricted stock grant vests over four years. Vesting starts with 3,750 shares on March 10, 2027 , followed by 3,750 on each of March 10, 2028 , March 10, 2029 , and March 10, 2030 .

Q: Does Unity Bancorp (UNTY) CEO James Hughes still hold stock options after this Form 4?

Yes. Footnotes indicate 89,000 stock options were granted on various dates and are all currently exercisable. These options are in addition to his common and restricted share holdings reported in this Form 4 filing.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Unity Bancorp CEO James A. Hughes reported routine equity compensation activity. On March 10, 2026, he received a grant of 15,000 restricted shares from the 2023 Equity Compensation Plan, vesting in four equal installments of 3,750 shares each year from March 10, 2027 through March 10, 2030.

On March 11, 2026, 1,415 restricted shares were withheld at $50.40 per share to cover taxes on a 3,500-share restricted stock vesting, a non‑market disposition. After these changes, he directly holds 48,824 restricted shares and 177,779 common shares, along with 89,000 stock options that are described as fully exercisable.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider HUGHES JAMES A

Role CEO

Type	Security	Shares	Price	Value
Tax Withholding	Restricted Stock	1,415	$50.40	$71K
Grant/Award	Restricted Stock	15,000	$0.00	--
holding	Stock Option (Right to Buy)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock — 48,824 shares (Direct); Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 177,779 shares (Direct)

Footnotes (1)

15,000 restricted shares were granted on 3/10/2026 from the 2023 Equity Compensation Plan and vest over four years; vesting commences with 3,750 shares on 3/10/2027, 3,750 shares on 3/10/2028, 3,750 shares on 3/10/2029, and 3,750 shares on 3/10/2030. 51,500 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 52,324. 1,415 shares were withheld @ $50.40 per share to cover tax liability on a 3,500 restricted stock vesting. 48,000 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 48,824. 177,779 shares consisting of 151,215 in an account at Shareworks, 6,085 shares held in an account at Computershare, 11,097 shares held in street name, and 9,382 shares are held in a 401K plan. 89,000 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Form 4 Insider Transactions: What Each Field Means →

03/11/2026 - 04:14 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HUGHES JAMES A

(Last)

(First)

(Middle)

UNITY BANK

64 OLD HWY 22

(Street)

CLINTON

08809

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITY BANCORP INC /NJ/ [ UNTY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock	03/10/2026		A		15,000⁽¹⁾	A	$0.00	52,324⁽²⁾	D
Restricted Stock	03/11/2026		F		1,415⁽³⁾	D	$50.4	48,824⁽⁴⁾	D
Common Stock								177,779⁽⁵⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	⁽⁶⁾							⁽⁶⁾	⁽⁶⁾	Common Stock	⁽⁶⁾		89,000⁽⁶⁾	D

Explanation of Responses:

1. 15,000 restricted shares were granted on 3/10/2026 from the 2023 Equity Compensation Plan and vest over four years; vesting commences with 3,750 shares on 3/10/2027, 3,750 shares on 3/10/2028, 3,750 shares on 3/10/2029, and 3,750 shares on 3/10/2030.

2. 51,500 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 52,324.

3. 1,415 shares were withheld @ $50.40 per share to cover tax liability on a 3,500 restricted stock vesting.

4. 48,000 restricted shares are held in an account at Computershare, which have upcoming vesting dates. 824 shares are dividend reinvested shares for a total of 48,824.

5. 177,779 shares consisting of 151,215 in an account at Shareworks, 6,085 shares held in an account at Computershare, 11,097 shares held in street name, and 9,382 shares are held in a 401K plan.

6. 89,000 stock options were granted under various dates and vesting periods of which all are currently exercisable.

Remarks:

Total Beneficial Ownership: 315,603

	James A. Hughes, POA Amanda Roche, FVP/Controller	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What equity compensation did Unity Bancorp (UNTY) CEO James Hughes receive?

Unity Bancorp CEO James Hughes received a grant of 15,000 restricted shares on March 10, 2026. The award comes from the 2023 Equity Compensation Plan and vests in four equal annual installments from 2027 through 2030, aligning with long-term incentives.

Why were 1,415 Unity Bancorp (UNTY) shares disposed of in this Form 4?

The 1,415 restricted shares were withheld at $50.40 per share to cover tax liability on a 3,500-share restricted stock vesting. This is a tax-withholding disposition, not an open-market sale, and is typical for equity awards vesting.

How many Unity Bancorp (UNTY) shares does CEO James Hughes hold after these transactions?

After the reported transactions, James Hughes directly holds 48,824 restricted shares and 177,779 common shares. These positions are spread across several accounts, including brokerage, plan, and 401(k) holdings, as described in the detailed footnotes.

What is the vesting schedule for the new Unity Bancorp (UNTY) restricted stock grant?

The 15,000-share restricted stock grant vests over four years. Vesting starts with 3,750 shares on March 10, 2027, followed by 3,750 on each of March 10, 2028, March 10, 2029, and March 10, 2030.

Does Unity Bancorp (UNTY) CEO James Hughes still hold stock options after this Form 4?

Yes. Footnotes indicate 89,000 stock options were granted on various dates and are all currently exercisable. These options are in addition to his common and restricted share holdings reported in this Form 4 filing.