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Customers Bancorp (CUBI) chair sells 60,315 shares, receives grants

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
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.

Positive

  • None.

Negative

  • None.
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, null); Common Stock — 3,701 shares (Indirect, Spouse)
Footnotes (1)
  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. Includes 46,622 Restricted Stock Units. Includes 53,669 Restricted Stock Units. 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 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.
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
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."
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)
03/13/2026		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 Stock03/13/202603/13/2026A16,030A$64.72(1)820,825(2)D
Common Stock04/08/202604/08/2026A7,047A$73.8(1)827,872(3)D
Common Stock05/27/202605/27/2026S60,315D$76.2259(4)767,557(3)D
Common Stock3,701ISpouse(5)
Common Stock213,560ITrust(6)
Common Stock181,825ITrust(7)
Common Stock158,552ITrust(8)
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. 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 46,622 Restricted Stock Units.
3. Includes 53,669 Restricted Stock Units.
4. 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
5. Shares held in Sherry Sidhu Individual Account
6. Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.
7. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1.
8. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.
Remarks:
/s/ Jay S. Sidhu by Andrew Sachs under Power of Attorney05/28/2026
** 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 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.

How many Customers Bancorp shares did Jay Sidhu sell and at what price?

He sold 60,315 Common Stock shares in an open-market transaction at a weighted average price of $76.2259 per share. The sale was executed in multiple trades between $76.00 and $76.87, with the weighted average reported as the transaction price in the filing.

What was Jay Sidhu’s direct Customers Bancorp shareholding after the reported sale?

After the May 27, 2026 sale, Jay S. Sidhu held 767,557 Customers Bancorp Common Stock shares directly. This figure reflects his remaining direct ownership position following the 60,315-share open-market sale and prior direct equity grants disclosed earlier in 2026.

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.

Were any of Jay Sidhu’s Restricted Stock Units subject to shareholder approval?

Yes. The filing notes that a grant of Restricted Stock Units was contingent on shareholder approval of an amendment to Customers Bancorp’s 2019 Stock Incentive Plan. Shareholders approved the amendment on May 26, 2026, satisfying the condition attached to that RSU grant.

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.