DONALD E. SOUDERS, JR. - Corporate Board Profile

UNITY BANCORP INC /NJ/

Filing Date	Source Excerpt
2015-03-17	Donald E. Souders, Jr., has been a Director of the Bank since 2007 and of the Company since 2014. Mr. Souders is a practicing attorney and partner in the law firm Florio Perrucci Steinhardt & Fader. The HR/Compensation Committee consisted of Chairman Mark S. Brody and Directors Mary E. Gross, Austin H. Kutscher, Jr, Peter E. Maricondo and Donald E. Souders, Jr. during the fiscal year ended December 31, 2014. Director compensation table shows Donald Souders total compensation as $37,568.
2016-03-04	Donald E. Souders, Jr., 50 Attorney/Partner; Director; HR/Compensation Committee member; Corporate Governance and Nominating Committee member; Director compensation total $41,968.
2018-03-12	Donald E. Souders, Jr.: Donald E. Souders, Jr., has been a Director of the Bank since 2007 and of the Company since 2014. Mr. Souders is a practicing attorney and partner in the law firm of Florio Perrucci Steinhardt & Fader LLC. The following table shows Donald E. Souders, Jr.'s director compensation: Fees Earned or Paid in Cash ($) 9,700; Stock Awards ($) 18,840; Option Awards ($) 6,796; All Other Compensation ($) 12,000; Total ($) 47,336.
2019-03-13	Donald E. Souders, Jr., 53 Attorney/Partner Florio Perrucci Steinhardt & Fader LLC Director Since 2007 Term Expires 2021 Director Donald E. Souders, Jr. is member of Audit, Human Resources/Compensation and Executive Loan committees. Director Compensation table shows Donald E. Souders, Jr. total compensation as $73,395.
2021-03-30	Donald E. Souders, Jr., has been a Director of the Bank since 2007 and of the Company since 2014. Mr. Souders is a practicing attorney and partner in the law firm of Florio Perrucci Steinhardt & Cappelli LLC, with offices in NJ and PA. Mr. Souders is a prominent attorney practicing in NJ and PA and has many contacts to generate new business for the Company. In addition, his experience as an attorney provides the Board with a critical point of view on many issues considered by the Board. Directors of the Company do not receive per meeting fees for their service on the Company’s Board of Directors. Compensation for service on the Bank’s Board of Directors for 2020 was in the form of cash compensation consisting of an annual retainer, meeting and committee fees; as well as, equity compensation in the form of restricted stock and stock option awards. Members of the Bank’s Board of Directors received an $18,000 retainer for service on the Board of Directors in 2020 which was paid in 2021. The Chairman of each Board Committee received an additional $3,000 retainer, while the Chairman of the Board received an additional $6,000. Directors also receive $700 for attendance at each Bank Board of Directors’ meeting, and between $300 and $700 for attendance at each Bank Committee meeting. The Chairman of the Board and the Chairman of each individual Committee receive an additional $200 per meeting. The Directors are eligible to participate in the Company’s stock bonus and stock option plans. On January 2, 2020, the Company’s non-employee Directors were each granted nonqualified stock options at a Black-Scholes fair value of $6.40, which vests in 33% increments over three (3) years commencing January 2, 2021. Donald E. Souders, Jr. received $13,900 in cash fees, $42,256 in option awards, and $16,000 in other compensation totaling $72,156.
2022-03-15	Donald E. Souders, Jr., 56Director Attorney/Partner Florio Perrucci Steinhardt Cappelli Tipton & Taylor LLC 2007 2024...The following table represents the membership on each committee as of the date of this Proxy statement:...Donald E. Souders, Jr. Member Audit Committee...Member Compensation Committee...Member Nominating Committee...Director Compensation...Donald E. Souders, Jr. $12,200 Paid in Cash, $21,060 Stock Awards, $26,978 Option Awards, $18,000 All Other Compensation, Total $78,238.
2023-03-14	Donald E. Souders, Jr., has been a Director of the Bank since 2007 and of the Company since 2014. Mr. Souders is a practicing attorney and partner in the law firm of Florio Perrucci Steinhardt Cappelli Tipton & Taylor LLC, with offices in NJ and PA. Mr. Souders is a prominent attorney practicing in NJ and PA and has many contacts to generate new business for the Company. In addition, his experience as an attorney provides the Board with a critical point of view on many issues considered by the Board. Members of the Bank’s Board of Directors received a $22,000 retainer for service on the Board of Directors in 2022 which was paid in 2023. The Chairman of each Board Committee received an additional $3,000 retainer, while the Chairman of the Board received an additional $6,000. Directors also receive $900 for attendance at each Bank Board of Directors’ meeting, and between $500 and $900 for attendance at each Bank Committee meeting. The Chairman of the Board and the Chairman of each individual Committee receive an additional $200 per meeting. Donald E. Souders, Jr. received $20,100 in fees earned or paid in cash and $65,625 in stock awards for 2022.
2024-03-11	Donald E. Souders, Jr., 58 Director Attorney/Partner Florio Perrucci Steinhardt Cappelli Tipton & Taylor LLC 2007 2027; Committees: Human Resources/Compensation (Member), Executive Loan (Member), Risk Management (Member); Director Compensation: Fees Earned or Paid in Cash $14,200, Stock Awards Compensation $54,660, All Other Compensation $22,000, Total $90,860.