Kim Minsu 4

What Happened Kim Minsu, Chief Credit Officer and SVP of Unity Bancorp (UNTY), received a grant of 2,000 restricted shares on 2026-01-27 (reported 2026-01-28) and had 170 shares withheld to cover tax liability related to a separate vesting event. The 170 withheld shares were valued at $52.33 each, totaling approximately $8,896 (reporting code F — tax withholding/disposition). The 2,000-share award was reported as an acquisition (reporting code A) at $0.00 — i.e., a restricted stock grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-01-27 (Form 4 filed 2026-01-28).
• Withheld shares: 170 shares @ $52.33 = ~$8,896 (to cover tax liability on 400 restricted shares that vested).
• Grant: 2,000 restricted shares granted 1/27/2026 (no cash paid). Vesting: 500 shares on each anniversary 1/27/2027, 1/27/2028, 1/27/2029 and 1/27/2030.
• Shares held after transaction: total beneficial ownership reported as 5,773 shares.
• Holdings breakdown (per footnotes): 4,637 shares in a Computershare account with upcoming vesting dates plus 114 dividend-reinvested shares (total 4,751 at Computershare); 1,021 shares held at Shareworks.
• Filing timeliness: filed the next day (appears timely).
• Transaction codes: A = award/grant; F = payment of exercise price or tax withholding.

Context

• The 170-share disposition was a tax-withholding event tied to a vesting, which is routine and not necessarily a market-driven sale.
• The 2,000 shares are restricted and vest over four years, so they are not immediately tradable; this is a forward-looking compensation award rather than an open-market purchase.
• For retail investors, awards/vesting and related withholding are common forms of insider activity and don't by themselves indicate a change in insider sentiment.