HUGHES JAMES A 4

What Happened James A. Hughes, CEO and Director of Unity Bancorp (UNTY), had 1,819 shares withheld on March 8, 2026 to satisfy tax withholding related to the vesting of restricted stock. The shares were valued at $51.08 each for a total of approximately $92,915. This transaction is a tax-withholding disposition (Form 4 code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-08; filing date: 2026-03-09 (filed the next day).
• Withheld: 1,819 shares at $51.08 per share; total value ≈ $92,915.
• Shares owned after transaction / total beneficial ownership reported: 302,018.
• Footnotes:
  • F1: 1,819 shares were withheld to cover tax liability on 4,500 restricted shares that vested.
  • F2: 36,500 restricted shares are held at Computershare with upcoming vesting dates; plus 824 dividend-reinvested shares (total 37,324).
  • F3: 175,694 shares are held across Shareworks, Computershare, street name, and a 401(k).
  • F4: 89,000 stock options have been granted under various schedules and are currently exercisable.
• Transaction code F = tax withholding to cover tax liability on vesting (disposition reported as "Disposed").

Context This was a routine tax-withholding event triggered by restricted stock vesting, not an open-market sale or a purchase. Such withholdings are common and do not necessarily indicate a change in the insider’s view of the company. The filing shows substantial remaining holdings and exercisable options (89,000), and several restricted shares with future vesting dates.