Unity Bancorp Files 2025 Proxy Statement
Ticker: UNTY · Form: DEF 14A · Filed: Mar 10, 2025 · CIK: 920427
| Field | Detail |
|---|---|
| Company | Unity Bancorp Inc /Nj/ (UNTY) |
| Form Type | DEF 14A |
| Filed Date | Mar 10, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, executive-compensation, financials
TL;DR
Unity Bancorp's 2025 proxy statement is out, detailing exec pay & 2024 financials. Vote wisely.
AI Summary
Unity Bancorp, Inc. filed its DEF 14A on March 10, 2025, detailing executive compensation and financial performance for the fiscal year ending December 31, 2024. The filing includes information on stock awards, their fair value, and changes in their valuation, as well as financial metrics like Bank Pre Provision Net Revenue (PPNR) and ROAA for the years 2021 through 2024.
Why It Matters
This filing provides shareholders with crucial information regarding executive compensation and the company's financial health, enabling informed voting decisions.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) providing information to shareholders and does not inherently indicate new risks.
Key Numbers
- 2024 — Fiscal Year End (Financial performance data presented for this year.)
- 2021-2024 — Financial Reporting Period (Includes historical financial data for comparison.)
Key Players & Entities
- Unity Bancorp, Inc. (company) — Filer of the DEF 14A
- March 10, 2025 (date) — Filing date of the DEF 14A
- December 31, 2024 (date) — Fiscal year end for financial data
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is used to solicit proxies from shareholders in connection with an annual or special meeting of shareholders. It provides detailed information about matters to be voted on, including executive compensation, director elections, and other corporate actions.
What specific financial metrics are mentioned in this filing for Unity Bancorp?
The filing mentions Bank Pre Provision Net Revenue (PPNR) and ROAA for the fiscal years 2021 through 2024.
What type of compensation-related data is detailed for executives?
The filing details information related to stock awards, including their fair value, awards granted in covered years, outstanding and unvested awards, and changes in fair value.
When was Unity Bancorp, Inc. incorporated or last changed its name?
Unity Bancorp, Inc. was formerly Unity Bancorp Inc /DE/ and its name was changed on March 16, 1994.
What is Unity Bancorp's primary business classification?
Unity Bancorp, Inc. is classified under Standard Industrial Classification (SIC) code 6022, which corresponds to State Commercial Banks.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on March 10, 2025 regarding UNITY BANCORP INC /NJ/ (UNTY).