Gross Mary E. 4

What Happened Mary E. Gross, a director of Unity Bancorp, was granted 1,200 restricted shares on 2026-01-27 (transaction code A) at an acquisition price of $0.00 (total reported value $0). The award was made under the company's 2023 Equity Compensation Plan and vests over four years: 300 shares on each of 1/27/2027, 1/27/2028, 1/27/2029 and 1/27/2030. This is a compensation award to a director (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-01-27 (reported in Form 4 filed 2026-01-28)
• Transaction type/code: Award/Grant (A)
• Shares granted: 1,200; Price: $0.00; Reported value: $0
• Vesting: 300 shares annually on 1/27/2027–1/27/2030 (see footnote)
• Shares owned after transaction (total beneficial ownership): 24,554
  • Breakdown noted in filing: 4,000 restricted shares at Computershare (with upcoming vesting dates), 19,465 shares at Shareworks, 1,089 in a brokerage account
• Filing timeliness: Report covers 1/27/2026 and was filed 1/28/2026 (appears timely)
• No 10b5-1 plan, tax withholding, or sale reported in this filing

Context Restricted stock awards are compensation that vest over time and are not immediately liquid; they do not represent an open-market purchase or sale by the insider. For retail investors, such grants are routine director compensation and should be interpreted differently than outright purchases (which may signal a direct bullish stance).