Geraci Vincent 4

What Happened

• Vincent Geraci, Director Mortgage Lending / FSVP at Unity Bancorp (UNTY), was granted 3,250 restricted shares on 2026-01-27 and, separately on the same date, had 316 shares withheld at $52.33 to cover $16,536 in tax liability related to 750 restricted shares that vested. The grant (code A) was reported at $0.00 per share; the withholding (code F) is a disposition to satisfy taxes.

Key Details

• Transaction dates: 2026-01-27 (grant and tax withholding).
• Withholding: 316 shares withheld at $52.33/share = $16,536 to cover tax on 750 vested restricted shares (footnote F1).
• Grant: 3,250 restricted shares granted under the 2023 Equity Compensation Plan (footnote F2); reported acquisition price $0.00.
• Vesting schedule for the 3,250-share grant: 813 shares on 1/27/2027, 812 on 1/27/2028, 813 on 1/27/2029, and 812 on 1/27/2030 (footnote F2).
• Holdings after transaction / Total Beneficial Ownership: 8,684 shares (includes 8,250 restricted shares held at Computershare with upcoming vesting dates and 434 shares at Shareworks; footnotes F3–F4).
• Transaction codes: A = Award/Grant, F = Tax withholding. Filing appears timely (filed 2026-01-28 for transactions on 2026-01-27).

Context

• The 3,250-share grant is a restricted stock award that vests over four years; this is an acquisition of restricted stock (not an open-market purchase). The 316-share disposition is a routine tax withholding to satisfy taxes on vested shares and is not an open-market sale signal. As with most restricted-stock awards, vesting schedule and withholding are standard administrative actions and do not, by themselves, indicate insider confidence or lack thereof.