Jay S. Sidhu - Feb 23, 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
Stock symbol
CUBI
Transactions as of
Feb 23, 2024
Transactions value $
-$1,132,979
Form type
4
Date filed
2/27/2024, 03:25 PM
Previous filing
Jan 9, 2024
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBI Common Stock Gift -$996K -19.5K -1.66% $51.08 1.16M Jan 18, 2024 Direct F1, F2, F3
transaction CUBI Common Stock Tax liability -$137K -2.6K -0.22% $52.66 1.15M Feb 23, 2024 Direct F4, F5
holding CUBI Common Stock 19.5K Feb 23, 2024 By Spouse
holding CUBI Common Stock 179K Feb 23, 2024 Trust F6
holding CUBI Common Stock 167K Feb 23, 2024 Trust F7
holding CUBI Common Stock 157K Feb 23, 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.