JAY S. SIDHU - 23 Feb 2024 Form 4 Insider Report for Customers Bancorp, Inc. (CUBI)

Signature
/s/ Jay S. Sidhu by Andrew Sachs under Power of Attorney
Issuer symbol
CUBI
Transactions as of
23 Feb 2024
Net transactions value
-$1,132,979
Form type
4
Filing time
27 Feb 2024, 15:25:00 UTC
Previous filing
09 Jan 2024
Next filing
18 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBI Common Stock Gift $995,958 -19,498 -1.7% $51.08 1,157,336 18 Jan 2024 Direct F1, F2, F3
transaction CUBI Common Stock Tax liability $137,021 -2,602 -0.22% $52.66 1,154,734 23 Feb 2024 Direct F4, F5
holding CUBI Common Stock 19,498 23 Feb 2024 By Spouse
holding CUBI Common Stock 179,410 23 Feb 2024 Trust F6
holding CUBI Common Stock 167,290 23 Feb 2024 Trust F7
holding CUBI Common Stock 157,290 23 Feb 2024 Trust F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Voluntary reporting of a gift.
F2 This transaction was executed in multiple trades at prices ranging from $50.445 to $52.48. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transition was affected.
F3 Includes 107,520 Restricted Stock Units.
F4 Shares withheld for taxes upon vesting of previously issued restricted stock award.
F5 Includes 96,838 Restricted Stock Units.
F6 Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.
F7 Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1.
F8 Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.