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Customers Bancorp (CUBB) CEO shows tax-withheld shares, holds 520,714 total

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Customers Bancorp, Inc. CEO Samvir S. Sidhu reported a routine tax-withholding transaction related to equity compensation. On April 12, 2026, 1,389 shares of common stock were withheld at $73.99 per share to cover taxes upon vesting of a previously issued restricted stock award, rather than sold in the open market.

After this withholding, Sidhu directly owned 520,714 common shares, which include 245,810 Restricted Stock Units. He also reported indirect ownership of common stock through irrevocable trusts for family members, each shown with 745 shares. The filing reflects compensation-related share movements, not discretionary market trading.

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Insider Sidhu Samvir S.
Role CEO
Type Security Shares Price Value
Tax Withholding Common Stock 1,389 $73.99 $103K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 520,714 shares (Direct); Common Stock — 745 shares (Indirect, Trust)
Footnotes (1)
  1. Shares withheld for taxes upon vesting of previously issued restricted stock award. Includes 245,810 Restricted Stock Units. Irrevocable Trust FBO Lian Sidhu. Irrevocable Trust FBO Ziya Sidhu. Irrevocable Trust FBO Kaira Sidhu.
Shares withheld for taxes 1,389 shares at $73.99 Tax-withholding disposition on April 12, 2026
Direct shares after transaction 520,714 shares Common stock directly owned after tax withholding
Restricted Stock Units included 245,810 RSUs RSUs included within direct holdings of 520,714 shares
Indirect trust holding example 745 shares Common stock held indirectly in an irrevocable trust
tax-withholding disposition financial
"transaction_action is listed as "tax-withholding disposition" for 1,389 shares."
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
"Footnote states: "Includes 245,810 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
"Footnotes reference "Irrevocable Trust FBO" family members holding shares."
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)
04/12/2026		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 Stock04/12/202604/12/2026F1,389(1)D$73.99520,714(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 245,810 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 Attorney04/14/2026
** 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 transaction did Customers Bancorp (CUBB) report for CEO Samvir S. Sidhu?

Customers Bancorp CEO Samvir S. Sidhu reported a tax-withholding disposition of shares. On April 12, 2026, 1,389 common shares were withheld at $73.99 each to satisfy tax obligations on a vested restricted stock award, not sold on the market.

How many Customers Bancorp (CUBB) shares does the CEO hold after this Form 4?

After the reported transaction, CEO Samvir S. Sidhu directly held 520,714 shares of Customers Bancorp common stock. This total includes 245,810 Restricted Stock Units, representing equity awards that can settle in shares, alongside already-issued stock held in his name.

Was the Customers Bancorp (CUBB) Form 4 transaction an open-market sale?

No. The Form 4 for Customers Bancorp shows a tax-withholding disposition, not an open-market sale. 1,389 shares were withheld by the company at $73.99 per share to cover taxes when a restricted stock award vested, a common administrative event.

What does the tax-withholding of 1,389 CUBB shares at $73.99 mean for investors?

The withholding of 1,389 shares at $73.99 reflects taxes owed on a vesting award, not a discretionary sell decision. Such transactions are typically routine for executives receiving stock-based compensation and do not on their own signal a change in sentiment about the company.

Does the Customers Bancorp (CUBB) CEO have indirect holdings through trusts?

Yes. The Form 4 lists indirect ownership of common stock through irrevocable trusts for family members, with each trust shown holding 745 shares. These positions are reported as indirect ownership interests associated with CEO Samvir S. Sidhu in addition to his direct holdings.

What role do Restricted Stock Units play in the CEO’s CUBB equity position?

Restricted Stock Units are a major component of the CEO’s stake, with 245,810 RSUs included in his 520,714 directly owned shares. RSUs represent promised share-based compensation that typically vests over time, aligning executive pay with long-term company performance.