Jay S. Sidhu - Apr 4, 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 4, 2023
Transactions value $
$1,280,868
Form type
4
Date filed
6/1/2023, 03:00 PM
Previous filing
Apr 5, 2023
Next filing
Apr 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBI Common Stock Award $880K +50.7K +4.22% $17.35 1.25M Apr 4, 2023 Direct F1, F2, F3
transaction CUBI Common Stock Award $400K +22.9K +1.83% $17.45 1.28M Apr 6, 2023 Direct F1, F3, F4
holding CUBI Common Stock 179K Apr 4, 2023 Trust F5
holding CUBI Common Stock 167K Apr 4, 2023 Trust F6
holding CUBI Common Stock 167K Apr 4, 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.