Customers Bancorp (CUBI) EVP uses 1,260 shares to cover tax on awards

Rhea-AI Filing Summary

Customers Bancorp EVP Philip Watkins reported routine share dispositions to cover taxes on restricted stock vesting. On two dates, a total of 1,260 shares of Common Stock were withheld at a price of $64.72 per share to satisfy tax obligations, rather than sold on the open market. Following these tax-withholding transactions, Watkins directly holds 48,953 shares of Common Stock, and footnotes indicate that his holdings include restricted stock units.

SEC Form 4

FORM 4

UNITED 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

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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^*

Watkins Philip

(Last) (First) (Middle)

701 READING AVENUE

(Street)

WEST READING, PA 19611 PA 19611

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Customers Bancorp, Inc. [ CUBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Head of Corp Development

3. Date of Earliest Transaction (Month/Day/Year)
03/14/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/14/2026	03/14/2026	F		641(1)	D	$64.72	49,572(2)	D
Common Stock	03/15/2026	03/15/2026	F		619(1)	D	$64.72	48,953(3)	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld for taxes upon vesting of previously issued restricted stock award.

2. Includes 21,121 Restricted Stock Units.

3. Includes 19,712 Restricted Stock Units.

Remarks:

	/s/ Philip Watkins by Andrew Sachs under Power of Attorney	03/17/2026
	** Signature of Reporting Person	Date
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.

FAQ

What insider transaction did Customers Bancorp (CUBI) executive Philip Watkins report?

Philip Watkins reported tax-withholding share dispositions, not open-market sales. A total of 1,260 Customers Bancorp Common Stock shares were withheld to cover tax liabilities triggered by the vesting of previously issued restricted stock awards.

How many Customers Bancorp (CUBI) shares were used for tax withholding and at what price?

Watkins had 1,260 shares withheld at $64.72 per share. The Form 4 shows two F-code transactions of 619 and 641 Common Stock shares, each priced at $64.72, applied to satisfy tax obligations on vested restricted stock.

Did the Customers Bancorp (CUBI) EVP sell shares in the open market?

No, the transactions were tax-withholding dispositions, not market sales. Code F indicates shares were delivered to cover exercise price or tax liability, and the footnote confirms they were withheld for taxes on vested restricted stock awards.

What are Philip Watkins’ Customers Bancorp (CUBI) holdings after these transactions?

Watkins directly holds 48,953 shares of Common Stock after the transactions. The Form 4 also notes that his holdings include restricted stock units, reflecting a mix of outright shares and equity-based compensation.

What do the restricted stock unit footnotes mean for CUBI executive Philip Watkins?

The footnotes state Watkins’ reported holdings include restricted stock units. These units represent additional equity-based awards that can settle in shares, complementing his directly owned Common Stock as part of his compensation package.