JAY S. SIDHU - 04 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
04 Apr 2023
Net transactions value
+$1,280,868
Form type
4
Filing time
01 Jun 2023, 15:00:25 UTC
Previous filing
05 Apr 2023
Next filing
10 Apr 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 $880,478 +50,748 +4.2% $17.35 1,254,390 04 Apr 2023 Direct F1, F2, F3
transaction CUBI Common Stock Award $400,390 +22,945 +1.8% $17.45 1,277,335 06 Apr 2023 Direct F1, F3, F4
holding CUBI Common Stock 179,140 04 Apr 2023 Trust F5
holding CUBI Common Stock 167,290 04 Apr 2023 Trust F6
holding CUBI Common Stock 167,290 04 Apr 2023 Trust F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of Restricted Stock Units was contingent upon shareholder approval of an amendment to the Issuer's 2019 Stock Incentive Plan, which approval was obtained on May 30, 2023.
F2 Includes 86,433 Restricted Stock Units.
F3 Includes 8,452 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
F4 Includes 109,378 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.