Davies James R 4

What Happened

• James R. Davies, Chief Financial Officer of Unity Bancorp (UNTY), was granted 2,000 restricted shares on 2026-01-27 (award code A). On the same date, 133 shares were withheld (code F) at $52.33 per share (total ~$6,960) to cover tax liability related to 313 restricted shares that vested.
• The 2,000-share grant is valued at $0 per share in the filing because it is a restricted-stock award, not a cash purchase. This is a compensation grant rather than an open-market buy or sale.

Key Details

• Transaction dates: 2026-01-27 (reported on Form 4 filed 2026-01-28, covering period 2026-01-27).
• Withholding: 133 shares withheld at $52.33/share for taxes = $6,960 (footnote F1).
• Grant: 2,000 restricted shares granted from the 2023 Equity Compensation Plan; vesting schedule: 500 shares on each anniversary 1/27/2027, 2028, 2029 and 2030 (footnote F2).
• Shares owned after transactions (total beneficial ownership): 6,133.
• Other holdings noted: 4,062 shares in Computershare with upcoming vesting dates (plus 126 dividend-reinvested shares = 4,188 total in that account); 1,795 shares in Shareworks and 150 in a brokerage account (total 1,945) (footnotes F3–F4).
• Filing appears timely (filed 1/28/2026 for transactions dated 1/27/2026).

Context

• This filing reflects compensation—restricted stock awards and tax withholding on vested RSUs—rather than an open-market purchase or sale. Grants and standard tax-withholding on vesting are common in executive compensation and do not directly signal buying or selling intent in the market.
• The 2,000-share award vests over four years, so the shares are not immediately free to sell; note the staggered vesting (500/year).