Tax withholding trims Customers Bancorp (NYSE: CUBI) stake by 393 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Customers Bancorp, Inc. Chief Credit Officer Thomas Henry Kasulka reported a small share disposal tied to equity compensation. On the vesting of a previously granted restricted stock award, 393 shares of common stock were withheld to cover taxes at a price of $69.60 per share, coded as a tax-withholding disposition.
After this non‑market transaction, Kasulka’s reported direct holdings total 19,860 shares of common stock, which includes 15,166 restricted stock units. This reflects routine share withholding for tax obligations rather than an open‑market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kasulka Thomas Henry
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 393 | $69.60 | $27K |
Holdings After Transaction:
Common Stock — 19,860 shares (Direct)
Footnotes (1)
- Shares withheld for taxes upon vesting of previously issued restricted stock award. Includes 15,166 Restricted Stock Units.
FAQ
What insider transaction did Customers Bancorp (CUBI) report for Thomas Kasulka?
Customers Bancorp reported that Chief Credit Officer Thomas Kasulka had 393 common shares withheld for taxes upon vesting of a restricted stock award at $69.60 per share. This was a tax-withholding disposition, not an open-market sale.
Is the Customers Bancorp Form 4 transaction a tax withholding or an open-market sale?
The Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company upon vesting of a restricted stock award to cover tax liabilities, as indicated by the transaction code F and related footnote language.
What are Thomas Kasulka’s reported Customers Bancorp holdings after this transaction?
After the transaction, Thomas Kasulka reports ownership of 19,860 shares of Customers Bancorp common stock. This figure includes 15,166 restricted stock units, reflecting both vested and unvested equity awards in his direct holdings disclosed in the filing.
What does the footnote about 15,166 restricted stock units mean for CUBI?
The footnote explains that Kasulka’s reported total of 19,860 shares includes 15,166 restricted stock units. Restricted stock units are share-based awards that typically vest over time, indicating a significant portion of his interest in Customers Bancorp is in unvested equity.