Bove David G 4

What Happened David G. Bove, Senior Vice President and Chief Information Officer of Unity Bancorp (UNTY), was granted 2,000 restricted shares on 2026-01-27 and had 126 shares withheld to cover taxes on a separate vesting of 375 restricted shares (withholding valued at $6,594 at $52.33/share). The grant is an award (no cash paid by the insider); the withheld shares were a routine tax withholding (disposition).

Key Details

• Transaction date(s): 2026-01-27 (reported on Form 4 filed 2026-01-28). No late filing indicated.
• Grant: 2,000 restricted shares granted under the 2023 Equity Compensation Plan (code A); grant value reported as $0 for Form 4 purposes.
• Withholding: 126 shares withheld (code F) at $52.33/share to satisfy tax withholding on 375 vested restricted shares (126 x $52.33 = $6,594).
• Vesting schedule for the 2,000-share grant: 500 shares vest on each anniversary — 1/27/2027, 1/27/2028, 1/27/2029, 1/27/2030 (Footnote F2).
• Holdings and other equity: Beneficial ownership after transactions = 29,261 shares. 4,625 restricted shares held at Computershare (upcoming vesting dates); 11,636 shares at Shareworks; 13,000 stock options granted under various schedules, all currently exercisable.
• Transaction codes: A = Award/Grant; F = tax withholding (disposition).

Context This was primarily an equity award (restricted stock) that vests over four years — not an open-market purchase or sale that signals immediate bullish or bearish action. The 126-share disposition was a routine tax withholding associated with vesting. Restricted-share grants are common for employee compensation; they increase potential future ownership as they vest.