Banking
Unity Bancorp Executive Compensation (FY25)
UNTY · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (DEF 14A): March 6, 2026
108 figures on this page: 105 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
For fiscal 2023, shareholders backed the say-on-pay proposal with 95.9% of votes cast for or against in favor at the meeting held April 25, 2024, and the disclosed peer group includes BCB Community Bank, ConnectOne Bank, First Keystone Community Bank, Metropolitan Commercial Bank and NorthEast Community Bank, among others. Meanwhile, the fiscal 2025 disclosure covers 5 named executive officers. Figures cover fiscal 2023 through fiscal 2025.
Frequently asked questions
Answers drawn from the data on this page.
What was Unity Bancorp's say-on-pay result?
For fiscal 2023, shareholders backed the say-on-pay proposal with 95.9% of votes cast for or against in favor at the meeting held April 25, 2024.
Which companies are in Unity Bancorp's peer group?
The disclosed peer group includes BCB Community Bank, ConnectOne Bank, First Keystone Community Bank, Metropolitan Commercial Bank and NorthEast Community Bank, among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
James A. Hughes President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
George Boyan Executive Vice President and Chief Financial Officer | — | — | — | — | — | — | — | — |
Vincent Geraci First Senior Vice President and Director of Mortgage Lending | — | — | — | — | — | — | — | — |
James Donovan First Senior Vice President and Chief Lending Officer | — | — | — | — | — | — | — | — |
Daniel Sharabba Senior Vice President and Chief Retail Officer | — | — | — | — | — | — | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| George Boyan | RSA | ◇ | — | — | ◇ | — | — | ◇ |
| James A. Hughes | RSA | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| James Hughes | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| James Donovan | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Vincent Geraci | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| George Boyan | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Daniel Sharabba | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Donald E. Souders, Jr | ◇ | — | — | — | — | ◇ | ◇ |
Donald E. Souders Jr | ◇ | — | — | — | — | ◇ | ◇ |
David D. Dallas Board chair | ◇ | ◇ | — | — | — | ◇ | ◇ |
Wayne Courtright | ◇ | ◇ | — | — | — | ◇ | ◇ |
Peter E. Maricondo | ◇ | ◇ | — | — | — | ◇ | ◇ |
Mark S. Brody | ◇ | ◇ | — | — | — | ◇ | ◇ |
Raj Patel | ◇ | ◇ | — | — | — | ◇ | ◇ |
Robert H. Dallas, II | ◇ | ◇ | — | — | — | ◇ | ◇ |
Robert H. Dallas II | ◇ | ◇ | — | — | — | ◇ | ◇ |
Mary E. Gross | ◇ | ◇ | — | — | — | ◇ | ◇ |
Aaron Tucker | ◇ | ◇ | — | — | — | ◇ | ◇ |
James A. Hughes and George Boyan served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
| Board meeting fee | ◇ |
| Committee meeting fee | ◇ |
Equity is delivered as Restricted Stock.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- BCB Community Bank BCBP
- ConnectOne Bank CNOB
- First Keystone Community Bank FKFS
- Metropolitan Commercial Bank MCB
- NorthEast Community Bank NECB
- OceanFirst Bank OCFC
- Orange Bank & Trust Company symbol not shown
- Peapack Private Bank & Trust PGC
- QNB Bank QNBC
- The Bank of Princeton symbol not shown
- Univest Bank and Trust Co. UVSP
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2023 | April 25, 2024 | = | ◇ | ◇ | ◇ |
| 2020 | May 13, 2021 | = | ◇ | ◇ | ◇ |
| 2017 | April 26, 2018 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Unity Bancorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Unity Bancorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
108 figures on this page: 105 cited to the filing that reported them, 3 calculated from figures it prints.
105 cited to the filing
3 calculated from the filing
Documents cited
- 0000920427-26-000020DIRECTOR COMPENSATION · Grants of Plan-Based Awards · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END (12/31/25)
- 0000920427-25-000022EXECUTIVE COMPENSATION
- 0000920427-24-000034
- 0000920427-21-000027
- 0000920427-18-000064
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Unity Bancorp executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/UNTY (accessed 2026).
Short form: data: Velarion
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Peers Unity Bancorp discloses
The companies named in UNTY's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}