JAY S. SIDHU - 05 Jan 2024 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
05 Jan 2024
Net transactions value
-$28,547
Form type
4
Filing time
09 Jan 2024, 11:14:49 UTC
Previous filing
06 Dec 2023
Next filing
27 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBI Common Stock Tax liability $28,547 -551 -0.05% $51.81 1,176,834 05 Jan 2024 Direct F1, F2, F3
holding CUBI Common Stock 179,410 05 Jan 2024 Trust F4
holding CUBI Common Stock 167,290 05 Jan 2024 Trust F5
holding CUBI Common Stock 157,290 05 Jan 2024 Trust F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for taxes upon vesting of previously issued restricted stock award.
F2 Includes 107,520 Restricted Stock Units.
F3 Includes 9,241 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
F4 Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.
F5 ,Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1.
F6 Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.