Customers Bancorp officer reports tax-share withholding
Customers Bancorp Chief Credit Officer reports routine tax withholding on vested stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Customers Bancorp Chief Credit Officer reports routine tax withholding on vested stock. Thomas Henry Kasulka had 829 shares of Common Stock withheld at $70.95 per share to cover taxes upon vesting of a previously issued restricted stock award.
After this non-market disposition, he holds 19,031 shares of Common Stock directly, including 12,868 Restricted Stock Units. This filing reflects a compensation-related tax event rather than an open-market purchase or sale.
Insider Trade Summary
Exercise Price or Tax Liability: 829 shares
Exercise Price or Tax Liability
1 txn
Insider
Kasulka Thomas Henry
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 829 | $70.95 | $59K |
Holdings After Transaction:
Common Stock — 19,031 shares (Direct)
Footnotes (2)
- F1. Shares withheld for taxes upon vesting of previously issued restricted stock award.
- F2. Includes 12,868 Restricted Stock Units.
Key Figures
Tax-withheld shares: 829 shares
Tax-withholding price: $70.95 per share
Shares held after transaction: 19,031 shares
+1 more
4 metrics
Tax-withheld shares
829 shares
Shares withheld for taxes on vesting restricted stock award
Tax-withholding price
$70.95 per share
Value applied to withheld shares for tax purposes
Shares held after transaction
19,031 shares
Direct Common Stock holdings after tax-withholding disposition
Restricted Stock Units included
12,868 RSUs
RSUs included within total direct holdings
Key Terms
tax-withholding disposition, Restricted Stock Units, restricted stock award, Common Stock
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Restricted Stock Units financial
"Includes 12,868 Restricted Stock Units."
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.
restricted stock award financial
"vesting of previously issued restricted stock award."
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Customers Bancorp (CUBB) report for Thomas Kasulka?
Customers Bancorp reported that Chief Credit Officer Thomas Henry Kasulka had 829 shares withheld for taxes upon vesting of a restricted stock award. This is a compensation-related tax event, not an open-market trade, and reflects standard treatment of equity-based compensation.
Was the Customers Bancorp (CUBB) Form 4 a stock sale by the insider?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 829 shares were withheld at $70.95 per share to satisfy tax obligations tied to a vesting restricted stock award, a common non-discretionary feature of equity compensation.
What does the $70.95 price on the Customers Bancorp (CUBB) Form 4 represent?
The $70.95 per share figure is the value used for the 829 shares withheld to cover taxes. It reflects the price applied for tax-withholding purposes when the previously granted restricted stock award vested, rather than a negotiated market trade price.
Does the Customers Bancorp (CUBB) Form 4 indicate any remaining derivative positions?
The Form 4 derivative summary is empty, indicating no derivative transactions were reported in this filing. The focus is on Common Stock, with shares withheld for taxes and the remaining 19,031-share direct position, including 12,868 Restricted Stock Units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
