---
schema_version: "secwatch.filing_event.v1"
accession: "0000920427-23-000042"
form_type: "8-K"
ticker: "UNTY"
cik: "0000920427"
company_name: "UNITY BANCORP INC /NJ/"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:56:36.275216+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Unity Bancorp approves share repurchase of up to 500,000 shares (5% of outstanding)

## Summary
- Board authorized repurchase of up to 500,000 shares, approximately 5.0% of outstanding common stock.
- Repurchases may be made in open market or private transactions; possible implementation under Rule 10b5-1 plan.
- CEO cites commitment to shareholder returns and strong capital base, but will proceed cautiously due to economic conditions.
- Company has ~$2.5B in assets and $1.8B in deposits; headquarters in Clinton, NJ.

## SEC filing metadata
- accession: 0000920427-23-000042
- form_type: 8-K
- ticker: UNTY
- cik: 0000920427
- company_name: UNITY BANCORP INC /NJ/
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920427/000092042723000042/0000920427-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920427/000092042723000042/unty-20230427x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000920427-23-000042
- JSON: https://secwatch.observer/filing/0000920427-23-000042.json
- Plain text: https://secwatch.observer/filing/0000920427-23-000042.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.