Courtright Wayne 4

What Happened

• Wayne Courtright, a director of Unity Bancorp (UNTY), received a grant of 1,200 restricted shares on January 27, 2026. The shares were awarded under the company's 2023 Equity Compensation Plan at $0 per share (award, not a purchase or sale).

Key Details

• Transaction date: 2026-01-27; filing date (Form 4): 2026-01-28 (filed one day after the transaction).
• Type: Award/Grant (Code A); price: $0.00; shares awarded: 1,200; immediate cash value reported: $0.
• Vesting: The 1,200 restricted shares vest over four years — 300 shares vest on 1/27 each year from 2027 through 2030.
• Shares owned after the grant (Total Beneficial Ownership): 139,671 shares (per filing).
• Holdings breakdown noted in filing: 4,000 shares at Computershare (upcoming vesting), 62,396 in an e*Trade account, 45,000 in a brokerage account, and 11,475 at Shareworks (total 118,871 across accounts).
• Options: 16,800 stock options are outstanding/held and currently exercisable.
• No indication of a 10b5-1 plan, sale, or tax-withholding transaction in this filing.

Context

• This was an equity award (restricted stock) that vests over time — not an open-market purchase or sale — so it reflects compensation rather than an immediate investment decision. Restricted shares typically cannot be sold until they vest. The filing was timely (filed the business day after the grant).