Unity Bancorp, Inc. filings document the regulatory record of a New Jersey bank holding company and the parent of Unity Bank. Form 8-K reports cover earnings releases, financial-condition updates, cash dividend declarations, Regulation FD presentations, shareholder-meeting results, officer appointments and deferred compensation plan amendments.
Proxy materials disclose director elections, auditor ratification, executive compensation and equity-award information. The company’s filed exhibits and meeting materials also describe banking performance measures such as net interest income, net interest margin, provision for credit losses, noninterest income, capital position and balance-sheet activity tied to Unity Bank’s retail, corporate and small business banking operations.
Unity Bancorp President George Boyan reported routine equity compensation activity. He received 10,250 restricted shares on 3/10/2026 under the 2023 Equity Compensation Plan, scheduled to vest in four annual installments from 3/10/2027 through 3/10/2030.
On 3/11/2026, 859 shares were withheld at $50.40 per share to cover taxes on a 2,375-share restricted stock vesting. After these entries, he directly holds 33,560 restricted shares and 28,461 common shares.
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.
Unity Bancorp CEO James A. Hughes reported a tax-related share disposition tied to equity compensation. On March 8, 2026, 1,819 restricted shares were withheld at $51.08 per share to cover tax liability on the vesting of 4,500 restricted shares, a non‑open‑market, tax-withholding disposition.
After this transaction, he directly holds 37,324 restricted shares, including 36,500 restricted shares with upcoming vesting dates and 824 dividend reinvestment shares. He also directly holds 175,694 common shares across several accounts and 89,000 stock options that are currently exercisable.
Unity Bancorp Inc. President George Boyan reported a tax-related share transaction. On the vesting of 3,000 restricted shares, 1,085 restricted shares were withheld at $51.08 per share to cover tax liability, a standard non‑open‑market disposition. After this, he directly holds 25,685 restricted shares and 26,945 common shares across reported accounts.
Unity Bancorp, Inc. is asking shareholders to vote at its virtual 2026 annual meeting on April 23, 2026. Owners of 10,016,427 common shares as of February 27, 2026 can vote on electing five directors and ratifying Wolf & Company P.C. as independent auditors for 2026.
The company highlights strong 2025 performance, with diluted EPS rising from $4.06 to $5.67, a 20.06% total shareholder return, ROE of 18.07%, ROA of 2.17%, and a 4.52% net interest margin. Assets were about $3.0 billion and deposits $2.3 billion.
Executive pay is positioned as pay-for-performance. CEO James Hughes earned $2.70 million in 2025, including salary, cash incentives, equity awards, and retirement/deferred benefits, for a CEO pay ratio of 37:1 versus the median employee. Bonuses for top executives were tied to pre-provision net revenue returns versus peers and individual goals, with payouts at 122.5% of target for the CEO and President.
The proxy details a largely independent board, committee structure, stock ownership, and governance policies such as a clawback policy, prohibition on hedging and speculative trading in company stock, double-trigger change-in-control protections, and the absence of tax gross-ups. It also outlines change-in-control and severance benefits, including accelerated vesting of equity, for key executives under specified termination scenarios.
Unity Bancorp, Inc. filed its annual report describing a community-focused commercial banking business centered on New Jersey and eastern Pennsylvania, with most revenue from net interest income. The bank emphasizes small and mid-sized business customers and relies heavily on real estate lending and core deposits for funding.
As of December 31, 2025, about 96% of loans were secured by real estate and commercial real estate, including construction, represented 56.6% of the loan portfolio. The allowance for credit losses was $32.3 million, or 1.27% of total loans and 108.40% of nonaccrual loans. Time deposits totaled $882.9 million, 38.0% of deposits, with 21.7% of deposits uninsured or uncollateralized.
The report highlights extensive regulatory oversight, capital rules under Basel III, and concentration risk in commercial real estate and SBA lending. It also outlines risks from interest rates, liquidity, competition (including fintech, stablecoins and potential public banking), cybersecurity, climate events, pandemics, artificial intelligence, and evolving laws and regulations.
Unity Bancorp, Inc. announced that its Board of Directors has declared a higher quarterly cash dividend of $0.16 per common share, a 7% increase. The dividend will be paid on March 20, 2026 to shareholders of record as of March 6, 2026.
Management links the higher dividend to strong financial performance, disciplined balance sheet management and a focus on maintaining solid capital levels while supporting sustainable growth. Unity Bancorp is a financial services organization headquartered in Clinton, New Jersey with approximately $3.0 billion in assets and $2.3 billion in deposits.
UNITY BANCORP INC /NJ/ CEO James A. Hughes exercised stock options and sold shares on February 18, 2026. He exercised 1,500 stock options (Stock Option – Right to Buy) and received 1,500 shares of common stock at an exercise price of $8.95 per share.
On the same day, he completed an open-market sale of 1,500 shares of common stock at $54.50 per share, leaving 173,013 common shares held directly, as detailed across several accounts. Following these transactions, he also holds 89,000 fully exercisable stock options and 41,824 restricted shares, which include dividend reinvestment shares and upcoming vesting dates.