HUGHES JAMES A 4

What Happened

• James A. Hughes, CEO and director of Unity Bancorp (UNTY), was granted 15,000 restricted shares on 2026-03-10 (award code A) at an acquisition price of $0.00.
• On 2026-03-11, 1,415 shares were withheld (code F) at $50.40 per share to satisfy tax withholding related to the vesting of 3,500 restricted shares, resulting in $71,316 withheld (reported as a disposition).

Key Details

• Transaction dates and prices: Award 3/10/2026 (15,000 shares @ $0.00); tax withholding 3/11/2026 (1,415 shares @ $50.40, $71,316).
• Shares owned after transaction / total beneficial ownership: reported total beneficial ownership = 315,603 shares.
• Notable footnotes: the 15,000 restricted shares vest over four years (3,750 shares each on 3/10 of 2027–2030) (F1). The 1,415 shares withheld covered tax on a separate 3,500-share vesting (F3). Holdings across accounts and plans (Computershare, Shareworks, street name, 401(k)) and outstanding exercisable options are disclosed in the filing (see F2–F6).
• Filing timeliness: Form 4 was filed 2026-03-11 for transactions on 3/10–3/11 — within the normal SEC Form 4 reporting window (timely).

Context

• The 15,000-share grant is a restricted equity award that vests gradually and is not an open‑market purchase (a typical retention/incentive award).
• The 1,415-share disposition is a tax-withholding event (shares withheld by the company to cover taxes on vested restricted stock), not an active sale on the open market.
• For retail investors, awards and tax-withholding entries are routine executive compensation mechanics and do not by themselves indicate a buy or sell signal.