---
schema_version: "secwatch.filing_event.v1"
accession: "0000920427-24-000060"
form_type: "8-K"
ticker: "UNTY"
cik: "0000920427"
company_name: "UNITY BANCORP INC /NJ/"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:11:46.452191+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Board authorized repurchase of up to 500,000 shares (~5% of outstanding common stock).
- New program begins after completion of 2023 plan, which has 184,645 shares remaining.
- Since April 2023, company repurchased 315,355 shares under the prior program.
- CEO cites strong capital position and says repurchases may occur when stock trades near tangible book value.

## SEC filing metadata
- accession: 0000920427-24-000060
- form_type: 8-K
- ticker: UNTY
- cik: 0000920427
- company_name: UNITY BANCORP INC /NJ/
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- 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/920427/000092042724000060/0000920427-24-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920427/000092042724000060/unty-20240801x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000920427-24-000060
- JSON: https://secwatch.observer/filing/0000920427-24-000060.json
- Plain text: https://secwatch.observer/filing/0000920427-24-000060.txt

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