Customers Bancorp chair reports tax-share withholding
Customers Bancorp Chairman Jay S. Sidhu reported routine tax-related share dispositions tied to vesting of restricted stock.
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Rhea-AI Filing Summary
Customers Bancorp Chairman Jay S. Sidhu reported routine tax-related share dispositions tied to vesting of restricted stock. A total of 3,541 shares of Common Stock were withheld on March 14–15, 2026 to cover tax liabilities at a reference price of $64.72 per share, classified as tax-withholding dispositions rather than open-market sales.
After these entries, Sidhu directly holds 785,939 shares of Common Stock. The filing also shows additional indirect holdings, including shares held by his spouse and several family trusts, which together represent a significant ongoing ownership position in the company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,141 | $64.72 | $139K |
| Exercise Price or Tax Liability | Common Stock | 1,400 | $64.72 | $91K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (6)
- F1. Shares withheld for taxes upon vesting of previously issued restricted stock award.
- F2. Includes 70,540 Restricted Stock Units.
- F3. Includes 62,234 Restricted Stock Units.
- F4. Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.
- F5. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1
- F6. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.
FAQ
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What insider transaction did Customers Bancorp (CUBI) report for Jay S. Sidhu?
What does transaction code F mean in the Customers Bancorp (CUBI) Form 4?
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