Customers Bancorp (CUBI) director awarded 934 shares as Q1 2026 pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Banks Bernard Bennett reported acquisition or exercise transactions in this Form 4 filing.
Customers Bancorp director Banks Bernard Bennett reported receiving a stock grant of 934 shares of common stock. The shares were valued at $64.72 per share and were issued in lieu of cash for his Q1 2026 director compensation. Following this award, he directly holds 9,031 common shares, reflecting routine equity-based compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Banks Bernard Bennett
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 934 | $64.72 | $60K |
Holdings After Transaction:
Common Stock — 9,031 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Customers Bancorp director report for CUBB?
Director Banks Bernard Bennett reported receiving 934 shares of Customers Bancorp common stock. The shares were granted as equity compensation for Q1 2026 director service, rather than bought on the open market, and are valued at $64.72 per share according to the filing.
Was the CUBB insider transaction a stock purchase or compensation grant?
The transaction was a compensation grant, not a purchase. 934 shares of Customers Bancorp common stock were issued to director Banks Bernard Bennett in lieu of cash for his Q1 2026 director compensation, reflecting routine equity-based pay.
What is the reported value of the CUBB director’s stock grant?
The 934-share stock grant to the Customers Bancorp director was valued at $64.72 per share. This per-share value is disclosed in the Form 4 and is used to quantify the equity portion of his Q1 2026 director compensation in place of cash.
Does the CUBB Form 4 indicate any stock sales by the director?
The Form 4 does not report any stock sales by the director. It shows a single acquisition transaction classified as a grant or award, where 934 shares were issued in lieu of cash compensation for Q1 2026 director service, increasing his direct holdings.