JAY S. SIDHU - 02 Apr 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
Issuer symbol
CUBI
Transactions as of
02 Apr 2023
Net transactions value
+$609,827
Form type
4
Filing time
05 Apr 2023, 12:41:24 UTC
Previous filing
24 Mar 2023
Next filing
01 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBI Common Stock Award $353,473 +19,086 +1.6% $18.52 1,191,037 02 Apr 2023 Direct F1, F2
transaction CUBI Common Stock Tax liability $99,175 -5,355 -0.45% $18.52 1,185,682 02 Apr 2023 Direct F1, F2, F3
transaction CUBI Common Stock Award $343,083 +18,525 +1.6% $18.52* 1,204,207 02 Apr 2023 Direct F1, F2
transaction CUBI Common Stock Tax liability $135,011 -7,290 -0.61% $18.52 1,196,917 02 Apr 2023 Direct F1, F2, F3
transaction CUBI Common Stock Award $343,083 +18,525 +1.5% $18.52* 1,215,442 02 Apr 2023 Direct F1, F2
transaction CUBI Common Stock Tax liability $135,011 -7,290 -0.6% $18.52 1,208,152 02 Apr 2023 Direct F1, F2, F3
transaction CUBI Common Stock Tax liability $60,616 -3,273 -0.27% $18.52 1,204,879 02 Apr 2023 Direct F1, F3, F4
holding CUBI Common Stock 179,410 02 Apr 2023 Trust F5
holding CUBI Common Stock 167,290 02 Apr 2023 Trust F6
holding CUBI Common Stock 167,290 02 Apr 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.