[Form 4] Customers Bancorp, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Customers Bancorp, Inc. Chief Accounting Officer Jessie John Deano Velasquez reported a routine tax-related share disposition. On the vesting of a previously granted restricted stock award, 274 shares of Common Stock were withheld to cover tax obligations at $70.41 per share. This was not an open-market sale. After the withholding, Velasquez directly holds 4,283 shares of Common Stock, including 2,845 Restricted Stock Units, reflecting continued equity exposure to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Velasquez Jessie John Deano
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 274 | $70.41 | $19K |
Holdings After Transaction:
Common Stock — 4,283 shares (Direct)
Footnotes (1)
- Shares withheld for taxes upon vesting of previously issued restricted stock award. Includes 2,845 Restricted Stock Units.
Key Figures
Shares withheld for taxes: 274 shares
Withholding share price: $70.41 per share
Shares held after transaction: 4,283 shares
+1 more
4 metrics
Shares withheld for taxes
274 shares
Tax-withholding disposition on restricted stock vesting
Withholding share price
$70.41 per share
Value applied to withheld shares
Shares held after transaction
4,283 shares
Direct common stock ownership following withholding
Restricted Stock Units included
2,845 RSUs
Portion of total direct holdings comprised of RSUs
Key Terms
Restricted Stock Units, tax-withholding disposition, Common Stock
3 terms
Restricted Stock Units financial
"Includes 2,845 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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for this event."
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.
Common Stock financial
"security_title: "Common Stock" for the reported transaction."
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.