Customers Bancorp chair sells 60,315 shares
Customers Bancorp, Inc. Chairman Jay S. Sidhu reported an open-market sale of 60,315 shares of Common Stock at a weighted average price of $76.2259 on May 27, 2026, and held 767,557 shares directly after this sale.
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Form Type
4
Rhea-AI Filing Summary
Customers Bancorp, Inc. Chairman Jay S. Sidhu reported an open-market sale of 60,315 shares of Common Stock at a weighted average price of $76.2259 on May 27, 2026, and held 767,557 shares directly after this sale.
Earlier in 2026 he received equity awards, including 16,030 shares at $64.72 on March 13, 2026 and 7,047 shares at $73.80 on April 8, 2026, as grants or awards. A grant of Restricted Stock Units was contingent on shareholder approval of an amendment to the 2019 Stock Incentive Plan, which was obtained on May 26, 2026. The filing also lists indirect holdings through trusts and a spouse account reflecting additional Common Stock positions.
Insider Trade Summary
Net Seller: 60,315 shares
Net Sell
7 txns
Insider
SIDHU JAY S
Role
Chairman
Sold
60,315 shs ($4.60M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 60,315 | $76.2259 | $4.60M |
| Grant/Award | Common Stock | 7,047 | $73.80 | $520K |
| Grant/Award | Common Stock | 16,030 | $64.72 | $1.04M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 767,557 shares (Direct);
Common Stock — 3,701 shares (Indirect, Spouse);
Common Stock — 553,937 shares (Indirect, Trust)
Footnotes (8)
- 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.
- F2. Includes 46,622 Restricted Stock Units.
- F3. Includes 53,669 Restricted Stock Units.
- F4. This transaction was executed in multiple trades at prices ranging from $76.00 to $76.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transition was affected
- F5. Shares held in Sherry Sidhu Individual Account
- F6. Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.
- F7. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1.
- F8. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.
Key Figures
Open-market sale: 60,315 shares
Sale price (weighted average): $76.2259 per share
Direct holdings after sale: 767,557 shares
+5 more
8 metrics
Open-market sale
60,315 shares
Common Stock sold on May 27, 2026
Sale price (weighted average)
$76.2259 per share
Open-market sale on May 27, 2026
Direct holdings after sale
767,557 shares
Direct Common Stock ownership following May 27, 2026 sale
Grant on March 13, 2026
16,030 shares at $64.72
Grant, award, or other acquisition of Common Stock
Grant on April 8, 2026
7,047 shares at $73.80
Grant, award, or other acquisition of Common Stock
Indirect holding (trust)
158,552 shares
Common Stock held indirectly in a trust as of March 13, 2026
Indirect holding (trust)
181,825 shares
Common Stock held indirectly in a trust as of March 13, 2026
Indirect holding (trust)
213,560 shares
Common Stock held indirectly in a trust as of March 13, 2026
Key Terms
Restricted Stock Units, open-market sale, grant, award, or other acquisition, weighted average sale price, +2 more
6 terms
Restricted Stock Units financial
"Grant of Restricted Stock Units was contingent upon shareholder approval of an amendment to the Issuer's 2019 Stock Incentive Plan"
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
Irrevocable Trust financial
"Descendants Irrevocable Trust."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Family Trust financial
"Family Trust No. 1."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Customers Bancorp (CUBI) Chairman Jay Sidhu report?
Jay S. Sidhu reported an open-market sale of 60,315 Customers Bancorp Common Stock shares and two equity grants totaling 23,077 shares. The filing also shows multiple indirect holdings through trusts and a spouse account, providing a snapshot of his broader ownership structure at different 2026 dates.
What equity awards did Jay Sidhu receive from Customers Bancorp in 2026?
He received two grant or award acquisitions of Common Stock: 16,030 shares on March 13, 2026 at $64.72 per share and 7,047 shares on April 8, 2026 at $73.80 per share. These are compensation-related awards rather than open-market purchases.
What indirect Customers Bancorp holdings associated with Jay Sidhu are disclosed?
The report lists indirect Common Stock holdings held through multiple trusts and a spouse account. These include several trust accounts and an individual account for Sherry K. Sidhu, along with notes that certain positions include tens of thousands of Restricted Stock Units within the reported totals.
AI-generated analysis. How Rhea-AI works. Not financial advice.
