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Tax withholding trims Customers Bancorp (CUBI) CEO reported stake

Filing Impact
(High)
Filing Sentiment
(Neutral)
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.

Positive

  • None.

Negative

  • None.
Insider Sidhu Samvir S.
Role CEO
Type Security Shares Price Value
Tax Withholding 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 — 745 shares (Indirect, Trust)
Footnotes (1)
  1. Shares withheld for taxes upon vesting of previously issued restricted stock award. Includes 256,693 Restricted Stock Units. Irrevocable Trust FBO Lian Sidhu. Irrevocable Trust FBO Ziya Sidhu. Irrevocable Trust FBO Kaira Sidhu.
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
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."
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.
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 Samvir 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)
CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/04/2026		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 Stock04/04/202604/04/2026F3,159(1)D$70.41509,896(2)D
Common Stock745ITrust(3)
Common Stock745ITrust(4)
Common Stock745ITrust(5)
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 256,693 Restricted Stock Units.
3. Irrevocable Trust FBO Lian Sidhu.
4. Irrevocable Trust FBO Ziya Sidhu.
5. Irrevocable Trust FBO Kaira Sidhu.
Remarks:
/s/ Samvir Sidhu by Andrew Sachs under Power of Attorney04/07/2026
** 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) 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.

How many Customers Bancorp shares were withheld for taxes?

A total of 3,159 Customers Bancorp common shares were withheld for taxes. The withholding occurred at a price of $70.41 per share when a prior restricted stock award vested, according to the Form 4 filing.

How many Customers Bancorp shares does the CEO hold after this filing?

After the tax withholding, the CEO directly holds 509,896 Customers Bancorp common shares. This direct position includes 256,693 Restricted Stock Units, and there are an additional 745 shares held indirectly through irrevocable trusts.

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.