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Customers Bancorp (CUBI) chair reports tax-related share withholding and large stake

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Filing Sentiment
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Form Type
4

Rhea-AI Filing Summary

Customers Bancorp Chairman Jay S. Sidhu reported a routine tax-related share disposition. On April 12, 2026, 1,325 shares of common stock were withheld at $73.99 per share to cover taxes upon vesting of a previously issued restricted stock award, not an open-market sale.

After this withholding, Sidhu directly holds 804,795 common shares, plus additional indirect holdings through a spouse account and several family trusts, including 30,592 Restricted Stock Units. The filing reflects compensation-related vesting and associated tax settlement rather than discretionary trading.

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Insider SIDHU JAY S
Role Chairman
Type Security Shares Price Value
Tax Withholding Common Stock 1,325 $73.99 $98K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 804,795 shares (Direct); Common Stock — 3,701 shares (Indirect, Spouse)
Footnotes (1)
  1. Shares withheld for taxes upon vesting of previously issued restricted stock award. Includes 30,592 Restricted Stock Units. Shares held in Sherry Sidhu Individual Account Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.
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 JAY 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)
Chairman
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/12/2026		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 Stock04/12/202604/12/2026F1,325(1)D$73.99804,795(2)D
Common Stock3,701ISpouse(3)
Common Stock213,560ITrust(4)
Common Stock181,825ITrust(5)
Common Stock158,552ITrust(6)
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 30,592 Restricted Stock Units.
3. Shares held in Sherry Sidhu Individual Account
4. Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.
5. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1.
6. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.
Remarks:
/s/ Jay S. Sidhu by Andrew Sachs under Power of Attorney04/14/2026
** 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

FAQ

What did Customers Bancorp (CUBI) Chairman Jay S. Sidhu report in this Form 4?

Jay S. Sidhu reported a tax-related share disposition, where 1,325 Customers Bancorp common shares were withheld at $73.99 each to satisfy taxes after restricted stock vested. This was a compensation and tax event, not an open-market purchase or sale.

How many Customers Bancorp (CUBI) shares does Jay S. Sidhu hold after this transaction?

Following the tax withholding, Jay S. Sidhu directly owns 804,795 Customers Bancorp common shares. He also has indirect holdings through a spouse account and several family trusts, which collectively include additional common shares and 30,592 Restricted Stock Units.

Was Jay S. Sidhu’s Customers Bancorp (CUBI) transaction an open-market sale?

No, the filing shows 1,325 Customers Bancorp shares were withheld to cover tax liabilities on a restricted stock vesting. This is coded as a tax-withholding disposition, meaning the shares went to satisfy taxes rather than being sold in the open market.

What price was used for the tax-withholding shares in Jay S. Sidhu’s Form 4?

The 1,325 Customers Bancorp shares withheld for taxes were valued at $73.99 per share. This price is used to calculate the value of stock applied toward Sidhu’s tax obligations upon vesting of the restricted stock award.

What indirect Customers Bancorp (CUBI) holdings are reported for Jay S. Sidhu?

The Form 4 lists indirect ownership in Customers Bancorp common stock through a spouse’s individual account and several family trusts. These indirect positions total multiple blocks of shares, and the filing notes that 30,592 of these are Restricted Stock Units.