UNITY BANCORP INC /NJ/·4

Jan 28, 5:20 PM ET

Maricondo Peter E 4

Research Summary

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Unity Bancorp (UNTY) Director Peter Maricondo Receives 1,200-Share Award

What Happened
Peter E. Maricondo, a director of Unity Bancorp (UNTY), received a grant of 1,200 restricted shares on January 27, 2026 (transaction code A). The shares were granted at $0.00 (compensation award) and carry a four-year vesting schedule—300 shares vest each year on 1/27/2027, 1/27/2028, 1/27/2029 and 1/27/2030. After the grant, his reported total beneficial ownership is 67,213 shares.

Key Details

  • Transaction date: 2026-01-27; Form 4 filed 2026-01-28 (filed one day after the grant).
  • Grant: 1,200 restricted shares at $0.00 (award/compensation).
  • Vesting (footnote F1): 300 shares vest annually on 1/27/2027, 2028, 2029, 2030.
  • Shares reported held in accounts (footnotes): 4,000 restricted shares at Computershare (F2); 42,684 at Shareworks and 2,129 in a brokerage account (F3).
  • Options (footnote F4): 18,400 stock options reported as granted under various dates and vesting; all are currently exercisable.
  • Total beneficial ownership after grant (per filing): 67,213 shares.
  • Price/value: Awarded at $0 — this is compensation, not an open-market purchase.

Context
This was a compensation grant to a director, not an open-market buy or sale. Restricted-share awards are common board/executive compensation and vest over time; they do not necessarily indicate the insider buying or selling stock. The filing appears timely (reported the day after the grant).