Maricondo Peter E 4
Research Summary
AI-generated summary
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).