Customers Bancorp EVP granted 3,941 shares

Customers Bancorp EVP Philip Watkins reported a compensation-related stock award.

Rhea-AI Filing Summary

Customers Bancorp EVP Philip Watkins reported a compensation-related stock award. On March 13, 2026, he acquired 3,941 shares of Common Stock at a reported value of $64.72 per share, increasing his direct holdings to 47,934 shares.

A footnote explains the grant of Restricted Stock Units was contingent on shareholder approval of an amendment to the company’s 2019 Stock Incentive Plan, which was obtained on May 26, 2026. His reported holdings include 19,190 Restricted Stock Units.

Insider Trade Summary

Grant/Award: 3,941 shares

Grant/Award 1 txn

Insider Watkins Philip

Role EVP, Head of Corp Development

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,941	$64.72	$255K

Holdings After Transaction: Common Stock — 47,934 shares (Direct)

Footnotes (2)

1. F1. Grant of Restricted Stock Units was contingent upon shareholder approval of an amendment to the Issuer's 2019 Stock Incentive Plan, which approval was obtained on May 26, 2026.
2. F2. Includes 19,190 Restricted Stock Units.

Key Figures

Shares granted: 3,941 shares Reported grant price: $64.72 per share Total direct holdings: 47,934 shares +2 more

5 metrics

Shares granted 3,941 shares Grant of Common Stock on March 13, 2026

Reported grant price $64.72 per share Value used for the March 13, 2026 award

Total direct holdings 47,934 shares Shares directly held following the transaction

Restricted Stock Units held 19,190 RSUs Included within total direct holdings

Shareholder approval date May 26, 2026 Approval of amendment to 2019 Stock Incentive Plan

Key Terms

Restricted Stock Units, 2019 Stock Incentive Plan, Grant, award, or other acquisition, Form 4

4 terms

Restricted Stock Units financial

"Includes 19,190 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.

2019 Stock Incentive Plan financial

"approval of an amendment to the Issuer's 2019 Stock Incentive Plan"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Philip Watkins report for Customers Bancorp (CUBB)?

Philip Watkins reported receiving 3,941 shares of Customers Bancorp Common Stock as a grant on March 13, 2026, at a reported value of $64.72 per share. This award is compensation-related rather than an open-market purchase.

How many Customers Bancorp (CUBB) shares does Philip Watkins hold after this Form 4?

After the reported grant, Philip Watkins directly holds 47,934 shares of Customers Bancorp Common Stock. A filing footnote specifies that this total includes 19,190 Restricted Stock Units, which typically vest over time according to plan terms.

What was the price used for Philip Watkins’ March 13, 2026 award of CUBB shares?

The Form 4 shows a reported value of $64.72 per share for the 3,941-share award on March 13, 2026. This reflects the transaction price used for reporting purposes, not necessarily an open-market purchase price.

Was Philip Watkins’ Customers Bancorp (CUBB) stock grant tied to shareholder approval?

Yes. A footnote states the grant of Restricted Stock Units was contingent on shareholders approving an amendment to the 2019 Stock Incentive Plan. That shareholder approval was obtained on May 26, 2026, satisfying the condition for the grant.

Does Philip Watkins’ Form 4 for CUBB involve Restricted Stock Units?

Yes. A footnote explains his reported holdings include 19,190 Restricted Stock Units. These RSUs are part of his overall 47,934-share direct position and are typically subject to vesting and other plan conditions under the 2019 Stock Incentive Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/28/2026 - 10:10 AM Learn about SEC filing dates

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

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^*

Watkins Philip

(Last) (First) (Middle)

701 READING AVENUE

(Street)

WEST READING, PA 19611 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/13/2026	03/13/2026	A		3,941	A	$64.72(1)	47,934(2)	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. Grant of Restricted Stock Units was contingent upon shareholder approval of an amendment to the Issuer's 2019 Stock Incentive Plan, which approval was obtained on May 26, 2026.

2. Includes 19,190 Restricted Stock Units.

Remarks:

	/s/ Philip Watkins by Andrew Sachs under Power of Attorney	05/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)