{"schema_version":"secwatch.filing_event.v1","accession":"0000920427-24-000068","form_type":"8-K","ticker":"UNTY","cik":"0000920427","company_name":"UNITY BANCORP INC /NJ/","filed_at":"2024-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.359082+00:00","generated_at":"2026-05-31T12:03:00.848126+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Unity Bancorp enters new change-in-control agreement with Chief Lending Officer Donovan","bullets":["Agreement dated Aug 5, 2024 supersedes prior May 2023 CIC agreement for James Donovan, First SVP and Chief Lending Officer.","Severance: 12 months base salary plus prior year cash bonus/commission if terminated within 12 months of a change in control.","Also triggered by a significant acquisition where Unity issues ≥35% voting shares; similar severance and benefit continuation for 12 months.","Unvested stock options and awards accelerate vesting upon change in control or termination after significant acquisition.","Payments subject to 280G cap (2.99x base amount); executive must sign release to receive benefits."],"urls":{"canonical":"https://secwatch.observer/filing/0000920427-24-000068","json":"https://secwatch.observer/filing/0000920427-24-000068.json","markdown":"https://secwatch.observer/filing/0000920427-24-000068.md","text":"https://secwatch.observer/filing/0000920427-24-000068.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/920427/000092042724000068/0000920427-24-000068-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/920427/000092042724000068/unty-20240807x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T12:03:00.848126+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}