Customers Bancorp EVP has shares withheld for taxes

Customers Bancorp EVP Philip Watkins had shares withheld for taxes on a stock vesting.

Rhea-AI Filing Summary

Customers Bancorp EVP Philip Watkins had shares withheld for taxes on a stock vesting. On this Form 4, 568 shares of Common Stock were disposed of at $73.80 per share to cover tax obligations when a previously granted restricted stock award vested. After this tax-withholding disposition, Watkins directly holds 46,993 shares of Common Stock, which includes 15,249 Restricted Stock Units. This filing reflects a routine compensation-related event rather than an open-market trade.

Insider Trade Summary

Exercise Price or Tax Liability: 568 shares

Exercise Price or Tax Liability 1 txn

Insider Watkins Philip

Role EVP, Head of Corp Development

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	568	$73.80	$42K

Holdings After Transaction: Common Stock — 46,993 shares (Direct)

Footnotes (2)

1. F1. Shares withheld for taxes upon vesting of previously issued restricted stock award.
2. F2. Includes 15,249 Restricted Stock Units.

Key Figures

Shares withheld for taxes: 568 shares Withholding price: $73.80 per share Post-transaction holdings: 46,993 shares +1 more

4 metrics

Shares withheld for taxes 568 shares Common Stock, tax-withholding disposition

Withholding price $73.80 per share Price used for 568 withheld shares

Post-transaction holdings 46,993 shares Common Stock held directly after transaction

Restricted Stock Units included 15,249 RSUs Part of total direct holdings after transaction

Key Terms

tax-withholding disposition, Restricted Stock Units, Common Stock

3 terms

tax-withholding disposition financial

"recorded as a tax-withholding disposition to cover tax obligations"

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.

Restricted Stock Units financial

"Includes 15,249 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.

Common Stock financial

"568 shares of Common Stock were disposed of at $73.80 per share"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

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

Customers Bancorp reported that EVP Philip Watkins had 568 Common Stock shares withheld to cover taxes on a vesting restricted stock award. This was recorded as a tax-withholding disposition, not an open-market purchase or sale, and reflects routine equity compensation processing.

Was Philip Watkins’ Form 4 transaction in Customers Bancorp stock a sale?

The transaction was not an open-market sale. 568 shares were automatically withheld at $73.80 per share to satisfy tax liabilities upon vesting of a restricted stock award, a common administrative step for equity compensation rather than a discretionary decision to sell shares.

How many Customers Bancorp shares does Philip Watkins hold after this Form 4 event?

After the tax-withholding disposition, Philip Watkins directly holds 46,993 shares of Customers Bancorp Common Stock. This total includes 15,249 Restricted Stock Units, which represent additional share-based awards that are subject to vesting conditions before they convert into actual shares.

What does a tax-withholding disposition mean on a Form 4 for Customers Bancorp?

A tax-withholding disposition means shares are surrendered to the issuer to cover tax obligations triggered by equity awards vesting. For Customers Bancorp, 568 shares were withheld from Philip Watkins’ vesting restricted stock, reducing his share count but not involving a market sale to outside investors.

What role does Philip Watkins hold at Customers Bancorp in this Form 4?

In this Form 4, Philip Watkins is identified as an officer of Customers Bancorp, serving as Executive Vice President and Head of Corporate Development. The reported transaction reflects equity compensation administration connected to his executive role rather than a voluntary market trade in the company’s shares.

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

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Accepted by SEC EDGAR 04/10/2026 - 11:19 AM EDT 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)
04/08/2026

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	04/08/2026	04/08/2026	F		568(1)	D	$73.8	46,993(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. Shares withheld for taxes upon vesting of previously issued restricted stock award.

2. Includes 15,249 Restricted Stock Units.

Remarks:

	/s/ Philip Watkins by Andrew Sachs under Power of Attorney	04/10/2026
	** 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)