Jay S. Sidhu - Apr 2, 2023 Form 4 Insider Report for Customers Bancorp, Inc. (CUBI)

Role
Chairman & CEO, Director
Signature
/s/ Jay S. Sidhu by Andrew Sachs under Power of Attorney
Stock symbol
CUBI
Transactions as of
Apr 2, 2023
Transactions value $
$609,827
Form type
4
Date filed
4/5/2023, 12:41 PM
Previous filing
Mar 24, 2023
Next filing
Jun 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBI Common Stock Award $353K +19.1K +1.63% $18.52 1.19M Apr 2, 2023 Direct F1, F2
transaction CUBI Common Stock Tax liability -$99.2K -5.36K -0.45% $18.52 1.19M Apr 2, 2023 Direct F1, F2, F3
transaction CUBI Common Stock Award $343K +18.5K +1.56% $18.52* 1.2M Apr 2, 2023 Direct F1, F2
transaction CUBI Common Stock Tax liability -$135K -7.29K -0.61% $18.52 1.2M Apr 2, 2023 Direct F1, F2, F3
transaction CUBI Common Stock Award $343K +18.5K +1.55% $18.52* 1.22M Apr 2, 2023 Direct F1, F2
transaction CUBI Common Stock Tax liability -$135K -7.29K -0.6% $18.52 1.21M Apr 2, 2023 Direct F1, F2, F3
transaction CUBI Common Stock Tax liability -$60.6K -3.27K -0.27% $18.52 1.2M Apr 2, 2023 Direct F1, F3, F4
holding CUBI Common Stock 179K Apr 2, 2023 Trust F5
holding CUBI Common Stock 167K Apr 2, 2023 Trust F6
holding CUBI Common Stock 167K Apr 2, 2023 Trust F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 8,170 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
F2 Includes 50,235 Restricted Stock Units. This total includes 5,575 RSUs originally reported on a Form 4 filed 01/09/23, but were inadvertently omitted from subsequent filings.
F3 Shares withheld for taxes upon vesting of previously issued restricted stock award.
F4 Includes 41,919 Restricted Stock Units.
F5 Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.
F6 Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1
F7 Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.