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Customers Bancorp (CUBB) CEO logs equity awards and tax withholding, holds 523,665 shares

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Customers Bancorp, Inc. CEO Samvir S. Sidhu reported compensation-related stock activity in common shares. On April 6, 2026, he received multiple stock grants totaling 37,136 shares at $71.70 per share, described as awards and performance stock units under long-term incentive plans.

To cover tax obligations on previously issued restricted and performance stock awards, 23,367 shares were disposed of through share withholding, not open-market sales. After these transactions, Sidhu directly holds 523,665 common shares, and three irrevocable trusts each hold 745 shares as indirect positions.

Positive

  • None.

Negative

  • None.

Insights

CEO activity reflects routine equity awards with tax withholding, not open-market trading.

CEO Samvir S. Sidhu received common stock grants and performance stock unit awards while shares were withheld to satisfy tax liabilities at $71.70 per share. The Form 4 classifies acquisitions as grant/award transactions and dispositions as tax-withholding, indicating compensation mechanics rather than discretionary buying or selling.

Across these entries, 37,136 shares were granted and 23,367 shares withheld, leaving Sidhu with 523,665 directly held shares plus indirect holdings of 745 shares in each of three irrevocable trusts. Because there are no open-market purchases or sales, this filing is generally viewed as routine and carries limited signaling value for CUBB investors.

Insider Sidhu Samvir S.
Role CEO
Type Security Shares Price Value
Exercise Price or Tax Liability Common Stock 3,015 $71.70 $216K
Grant/Award Common Stock 12,626 $71.70 $905K
Exercise Price or Tax Liability Common Stock 6,920 $71.70 $496K
Grant/Award Common Stock 12,255 $71.70 $879K
Exercise Price or Tax Liability Common Stock 6,716 $71.70 $482K
Grant/Award Common Stock 12,255 $71.70 $879K
Exercise Price or Tax Liability Common Stock 6,716 $71.70 $482K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 523,665 shares (Direct); Common Stock — 2,235 shares (Indirect, Trust)
Footnotes (7)
  1. F1. Shares withheld for taxes upon vesting of previously issued restricted stock award.
  2. F2. Includes 251,192 Restricted Stock Units.
  3. F3. The amount of securities acquired reflects a grant of Performance Stock Units award with shares vesting in accordance with the terms of the 2023 Long Term Incentives.
  4. F4. Shares withheld for taxes upon vesting of previously issued performance stock award.
  5. F5. Irrevocable Trust FBO Lian Sidhu.
  6. F6. Irrevocable Trust FBO Ziya Sidhu.
  7. F7. Irrevocable Trust FBO Kaira Sidhu.
Share price used $71.70 per share Price applied to grants and tax-withholding on Apr. 6, 2026
Shares granted 37,136 shares Total common stock awards and performance stock units granted to CEO
Shares withheld for taxes 23,367 shares Total F-code tax-withholding dispositions on vested awards
Net shares added 13,769 shares Grants minus tax-withholding from reported entries
Direct holdings after transactions 523,665 shares CEO’s directly held Customers Bancorp common stock after Form 4 activity
Indirect trust holdings 745 shares per trust Three irrevocable trusts each holding 745 common shares
Restricted Stock Units financial
"Includes 251,192 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.
Performance Stock Units financial
"reflects a grant of Performance Stock Units award with shares vesting"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
Irrevocable Trust financial
"Irrevocable Trust FBO Lian Sidhu."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Long Term Incentives financial
"terms of the 2023 Long Term Incentives."

FAQ

What insider activity did Customers Bancorp (CUBB) report for its CEO?
Customers Bancorp reported that CEO Samvir S. Sidhu received multiple common stock grants and performance stock unit awards, while shares were withheld to pay taxes. These are compensation-related entries rather than open-market stock purchases or sales, indicating routine equity compensation activity.

Did the Customers Bancorp (CUBB) CEO buy or sell shares on the open market?
No open-market buys or sells were reported. The Form 4 shows share grants to the CEO and share dispositions classified as tax-withholding to cover liabilities on vesting awards, rather than discretionary market transactions, which typically carry stronger sentiment signals for investors.

How many Customers Bancorp (CUBB) shares does the CEO hold after these transactions?
After the reported transactions, CEO Samvir S. Sidhu directly holds 523,665 shares of Customers Bancorp common stock. In addition, three irrevocable trusts each hold 745 shares as indirect positions associated with him, providing a sizable ongoing equity stake in the company.

What price was used for the CEO’s Customers Bancorp (CUBB) tax-withholding entries?
The tax-withholding dispositions and related grants were recorded at a price of $71.70 per share. This price is used in the Form 4 for calculating the value of shares withheld to satisfy tax liabilities tied to vested restricted and performance-based stock awards.

What types of equity awards did the Customers Bancorp (CUBB) CEO receive?
The CEO received restricted stock and performance stock unit awards under the 2023 Long Term Incentives. Footnotes state that the acquired securities reflect a performance stock units grant, with shares vesting over time according to the specific incentive plan terms governing those awards.

How many Customers Bancorp (CUBB) shares were withheld for the CEO’s taxes?
A total of 23,367 shares were withheld to satisfy tax obligations. Footnotes clarify these shares were retained by the company upon vesting of previously issued restricted stock and performance stock awards, rather than being sold into the public market by the CEO.

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Form 4 Insider Transactions: What Each Field Means →
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*
Sidhu Samvir S.
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026		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 Stock04/06/202604/06/2026F3,015(1)D$71.7506,881(2)D
Common Stock04/06/202604/06/2026A12,626(3)A$71.7519,507(2)D
Common Stock04/06/202604/06/2026F6,920(4)D$71.7512,587(2)D
Common Stock04/06/202604/06/2026A12,255(3)A$71.7524,842(2)D
Common Stock04/06/202604/06/2026F6,716(4)D$71.7518,126(2)D
Common Stock04/06/202604/06/2026A12,255(3)A$71.7530,381(2)D
Common Stock04/06/202604/06/2026F6,716(4)D$71.7523,665(2)D
Common Stock745ITrust(5)
Common Stock745ITrust(6)
Common Stock745ITrust(7)
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 251,192 Restricted Stock Units.
3. The amount of securities acquired reflects a grant of Performance Stock Units award with shares vesting in accordance with the terms of the 2023 Long Term Incentives.
4. Shares withheld for taxes upon vesting of previously issued performance stock award.
5. Irrevocable Trust FBO Lian Sidhu.
6. Irrevocable Trust FBO Ziya Sidhu.
7. Irrevocable Trust FBO Kaira Sidhu.
Remarks:
/s/ Samvir Sidhu by Andrew Sachs under Power of Attorney04/08/2026
** 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)

Source: View Original Filing on SEC EDGAR