Customers Bancorp CEO shares withheld for taxes
Customers Bancorp, Inc. CEO Samvir S. Sidhu reported a routine tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Customers Bancorp, Inc. CEO Samvir S. Sidhu reported a routine tax-related share disposition. On April 4, 2026, 3,159 shares of common stock were withheld at $70.41 per share to cover taxes upon vesting of a previously issued restricted stock award.
After this withholding, Sidhu directly owns 509,896 shares, which include 256,693 Restricted Stock Units, and indirectly holds 745 shares through irrevocable trusts. The filing does not report any open‑market buying or selling.
Insider Trade Summary
Exercise Price or Tax Liability: 3,159 shares
Exercise Price or Tax Liability
4 txns
Insider
Sidhu Samvir S.
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,159 | $70.41 | $222K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 509,896 shares (Direct);
Common Stock — 2,235 shares (Indirect, Trust)
Footnotes (5)
- F1. Shares withheld for taxes upon vesting of previously issued restricted stock award.
- F2. Includes 256,693 Restricted Stock Units.
- F3. Irrevocable Trust FBO Lian Sidhu.
- F4. Irrevocable Trust FBO Ziya Sidhu.
- F5. Irrevocable Trust FBO Kaira Sidhu.
Key Figures
Tax-withheld shares: 3,159 shares
Withholding price: $70.41/share
Direct holdings after transaction: 509,896 shares
+3 more
6 metrics
Tax-withheld shares
3,159 shares
Common stock withheld for taxes on April 4, 2026
Withholding price
$70.41/share
Price used for tax-withholding disposition
Direct holdings after transaction
509,896 shares
Common stock directly owned following tax withholding
Restricted Stock Units included
256,693 RSUs
RSUs included within direct holdings
Indirect trust holdings
745 shares
Common stock held through irrevocable trusts
Tax-withholding shares summary
3,159 shares
TaxWithholdingShares in transaction summary
Key Terms
tax-withholding disposition, Restricted Stock Units, Irrevocable Trust, Form 4, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
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 256,693 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.
Irrevocable Trust financial
"Irrevocable Trust FBO Lian Sidhu."
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.
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.
Common Stock financial
"security_title": "Common Stock""
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 did Customers Bancorp (CUBI) CEO report in this Form 4?
The CEO reported a tax-withholding disposition of shares. Specifically, 3,159 Customers Bancorp common shares were withheld to cover taxes when a previously granted restricted stock award vested, rather than being sold in the open market.
Was this Customers Bancorp Form 4 an open-market sale?
No, the Form 4 does not show an open-market sale. The reported transaction is an F-code tax-withholding disposition, where 3,159 shares were delivered to cover tax obligations upon vesting of restricted stock, a common administrative event.
What do the trusts mentioned in the Customers Bancorp Form 4 hold?
The filing notes 745 Customers Bancorp shares held indirectly through irrevocable trusts. These trusts are identified as being for the benefit of individuals named Lian, Ziya, and Kaira Sidhu, indicating estate or family-related ownership structures.
AI-generated analysis. How Rhea-AI works. Not financial advice.
