STOCK TITAN

Customers Bancorp (CUBB) officer has 829 shares withheld for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

Positive

  • None.

Negative

  • None.
Insider Kasulka Thomas Henry
Role Chief Credit Officer
Type Security Shares Price Value
Tax Withholding Common Stock 829 $70.95 $59K
Holdings After Transaction: Common Stock — 19,031 shares (Direct)
Footnotes (1)
  1. Shares withheld for taxes upon vesting of previously issued restricted stock award. Includes 12,868 Restricted Stock Units.
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
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.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kasulka Thomas Henry

(Last)(First)(Middle)
701 READING AVENUE

(Street)
WEST READING PENNSYLVANIA 19611

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Customers Bancorp, Inc. [ CUBI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Credit Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/01/2026F829(1)D$70.9519,031(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares withheld for taxes upon vesting of previously issued restricted stock award.
2. Includes 12,868 Restricted Stock Units.
Remarks:
/s/ Thomas H. Kasulka by Andrew Sachs under Power of Attorney04/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.

How many Customers Bancorp (CUBB) shares does Thomas Kasulka hold after this filing?

After the transaction, Thomas Henry Kasulka holds 19,031 shares of Common Stock directly. This total includes 12,868 Restricted Stock Units, which are share-based awards that typically vest over time according to the company’s compensation arrangements.

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.