Unity Bancorp CFO James R. Davies Withholds 91 Shares for Taxes

What Happened
James R. Davies, Chief Financial Officer of Unity Bancorp (UNTY), had 91 shares withheld on August 16, 2026, at $61.82 per share (total value ≈ $5,626) to satisfy tax withholding related to 250 restricted shares that vested. The withholding is coded F (tax withholding/disposition) and is a routine cashless settlement rather than an open-market sale.

Key Details

• Transaction date: 2026-08-16; Form 4 filed: 2026-08-18 (appears timely, within the usual 2-business-day window).
• Withheld shares: 91 at $61.82 per share; total value ≈ $5,626.
• Reason: 91 shares were withheld to cover tax liability on 250 restricted shares that vested (footnote F1). Net delivered from the vesting = 159 shares (250 vested − 91 withheld).
• Shares owned after transaction (total beneficial ownership): 6,079 (Remarks).
• Holdings breakdown per footnotes: 3,963 shares in Computershare (3,812 with upcoming vesting + 151 dividend-reinvested shares) and 2,116 shares (1,966 in Shareworks + 150 in a brokerage account). (F2, F3)
• Transaction code: F = tax withholding (not a market sale).

Context
This was a standard tax-withholding/net settlement tied to restricted stock vesting — a routine administrative transaction and not necessarily a signal of the insider’s view on the stock. For retail investors, purchases or open-market sales typically carry more directional insight than tax withholdings.