Boyan George 4

What Happened
Boyan George, President and Director of Unity Bancorp (UNTY), had 1,085 shares withheld on March 8, 2026 to cover tax liabilities related to restricted stock vesting. The withholding was at $51.08 per share, totaling approximately $55,422. This is a tax-withholding disposition (routine) tied to restricted stock vesting, not an open-market sale.

Key Details

• Transaction date: 2026-03-08; withholding price: $51.08 per share; value: ~$55,422.
• Transaction code: F (tax withholding to cover liability).
• Shares owned after transaction (total beneficial ownership reported): 52,631.
• Footnotes:
  • F1: 1,085 shares were withheld to cover taxes on 3,000 restricted shares that vested.
  • F2: 24,000 restricted shares are held at Computershare with upcoming vesting dates; plus 1,685 dividend-reinvested shares for 25,685 total at Computershare.
  • F3: 26,945 shares consist of 25,945 shares held in Shareworks and 1,000 shares held in street name.
• Filing: Reported on 2026-03-09 for a 2026-03-08 transaction — appears timely (not marked late).

Context
Tax-withholding (code F) is a routine administrative disposition when restricted stock vests; it does not necessarily indicate a decision to reduce holdings. The withholding here satisfied the tax obligation on the vested restricted shares rather than representing an open-market sale.