Mike Gill of Customers Bancorp (CUBI) granted 625 shares as Q2 2026 director pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Customers Bancorp director Mike Gill received a stock grant instead of cash compensation. On this Form 4, he acquired 625 shares of Common Stock at $78.21 per share as director pay for Q2 2026, bringing his directly held stake to 1,685 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gill Mike
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 625 | $78.21 | $49K |
Holdings After Transaction:
Common Stock — 1,685 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock grant size: 625 shares
Grant valuation price: $78.21 per share
Post-transaction holdings: 1,685 shares
3 metrics
Stock grant size
625 shares
Common Stock grant for Q2 2026 director compensation
Grant valuation price
$78.21 per share
Value used for 625-share director stock grant
Post-transaction holdings
1,685 shares
Mike Gill direct Common Stock ownership after grant
Key Terms
Common Stock, Grant, award, or other acquisition, director compensation
3 terms
Common Stock financial
"he acquired 625 shares of Common Stock at $78.21 per share"
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.
Grant, award, or other acquisition financial
"classified as a “Grant, award, or other acquisition” rather than a discretionary buy"
director compensation financial
"stock was issued to the reporting person in lieu of cash for director compensation for Q2 2026"
FAQ
What insider transaction did Customers Bancorp (CUBI) director Mike Gill report?
Mike Gill reported an acquisition of 625 shares of Customers Bancorp Common Stock. The shares were granted as director compensation for Q2 2026, rather than paid in cash, and are recorded as a direct ownership position in the Form 4 filing.
Was Mike Gill’s Customers Bancorp Form 4 a stock purchase or a grant?
The Form 4 shows a stock grant, not an open-market purchase. Gill received 625 shares of Common Stock as compensation for his Q2 2026 director service, classified as a “Grant, award, or other acquisition” rather than a discretionary buy on the market.
Why did Customers Bancorp grant stock to Mike Gill instead of paying cash?
The footnote explains that the stock was issued in lieu of cash for director compensation for Q2 2026. Rather than receiving cash fees, Gill was compensated with 625 shares of Common Stock, aligning his director pay with equity in Customers Bancorp.