Customers Bancorp (CUBB) grants 3,941-share equity award to credit chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Customers Bancorp, Inc. Chief Credit Officer Thomas Henry Kasulka reported an equity award of 3,941 shares of Common Stock at a reference price of $64.72 per share. The award is classified as a grant or other acquisition, not an open-market purchase or sale.
The grant of Restricted Stock Units was contingent on shareholder approval of an amendment to the company’s 2019 Stock Incentive Plan, which was obtained on May 26, 2026. Following this grant, Kasulka directly holds 22,972 shares of Common Stock, which includes 16,809 Restricted Stock Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kasulka Thomas Henry
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,941 | $64.72 | $255K |
Holdings After Transaction:
Common Stock — 22,972 shares (Direct, null)
Footnotes (1)
- 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 26, 2026. Includes 16,809 Restricted Stock Units.
Key Figures
Equity grant size: 3,941 shares
Grant reference price: $64.72 per share
Total holdings after grant: 22,972 shares
+2 more
5 metrics
Equity grant size
3,941 shares
Grant or award of Common Stock on March 13, 2026
Grant reference price
$64.72 per share
Price per share associated with awarded Common Stock
Total holdings after grant
22,972 shares
Direct Common Stock holdings following the transaction
Restricted Stock Units included
16,809 RSUs
RSUs included within total direct holdings
Shareholder approval date
May 26, 2026
Approval of amendment to 2019 Stock Incentive Plan
Key Terms
Restricted Stock Units, 2019 Stock Incentive Plan, Chief Credit Officer, Form 4
4 terms
Restricted Stock Units financial
"Grant of Restricted Stock Units was contingent upon shareholder approval..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2019 Stock Incentive Plan financial
"shareholder approval of an amendment to the Issuer's 2019 Stock Incentive Plan..."
Chief Credit Officer financial
"officer_title": "Chief Credit Officer""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Customers Bancorp (CUBB) report for Thomas Kasulka?
Customers Bancorp reported that Chief Credit Officer Thomas Henry Kasulka received an equity grant of 3,941 shares of Common Stock. The transaction is coded as a grant or award, not an open-market trade, reflecting routine compensation rather than a discretionary stock purchase or sale.
Was the Customers Bancorp (CUBB) grant to Thomas Kasulka an open-market stock purchase?
No, the transaction was not an open-market purchase. It was coded as a grant, award, or other acquisition of 3,941 shares of Common Stock, indicating compensation-related equity rather than shares bought or sold in the market by the executive.
What conditions were tied to Thomas Kasulka’s equity grant at Customers Bancorp (CUBB)?
The grant of Restricted Stock Units to Thomas Henry Kasulka was contingent on shareholder approval of an amendment to Customers Bancorp’s 2019 Stock Incentive Plan. Shareholders approved this amendment on May 26, 2026, allowing the contingent equity award to be granted under the revised plan.
What role does Thomas Kasulka hold at Customers Bancorp (CUBB) in this Form 4 filing?
In this Form 4, Thomas Henry Kasulka is identified as an officer of Customers Bancorp, serving as Chief Credit Officer. The reported transaction reflects an equity award tied to his executive role, rather than a market-driven investment decision or sale of existing holdings.