other material
confidence high
sentiment neutral
materiality 0.20
Unity Bancorp amends deferred comp plan to variable interest rate on installment payouts
UNITY BANCORP INC /NJ/
- Interest rate on installment payouts changed to Prime + 1%, with 4% floor and 10% cap, from fixed rate.
- Amendment applies to both participants and beneficiaries receiving 10-year annual installments.
- Effective December 18, 2025; rest of original plan remains unchanged.