Customers Bancorp (CUBI) Chief Banking Officer reports 749 shares withheld for taxes
Rhea-AI Filing Summary
Customers Bancorp Chief Banking Officer Lyle Cunningham reported an automatic share withholding tied to equity compensation. On January 5, 2026, 749 shares of Common Stock were withheld at $76.18 per share to cover taxes due on the vesting of a previously granted restricted stock award. After this tax-related transaction, Cunningham beneficially owned 49,842 shares of Customers Bancorp common stock, which the disclosure states includes 22,633 Restricted Stock Units. The filing lists all of these holdings as owned directly.
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FAQ
What insider transaction did Customers Bancorp (CUBI) report for Lyle Cunningham?
The filing reports that 749 shares of Customers Bancorp Common Stock were withheld on January 5, 2026 to satisfy taxes upon vesting of a previously issued restricted stock award.
Was the Customers Bancorp (CUBI) Form 4 transaction an open-market sale?
No. The Form 4 states that the 749 shares were withheld for taxes upon vesting of a restricted stock award, rather than being sold in an open-market transaction.
How many Customers Bancorp (CUBI) shares does Lyle Cunningham own after this transaction?
Following the reported tax withholding, Lyle Cunningham beneficially owned 49,842 shares of Customers Bancorp Common Stock, held directly.
How many Restricted Stock Units are included in Lyle Cunningham’s Customers Bancorp holdings?
The disclosure notes that Cunningham’s beneficial ownership includes 22,633 Restricted Stock Units as part of the total 49,842 shares reported.
What is Lyle Cunningham’s role at Customers Bancorp (CUBI)?
Lyle Cunningham is identified in the filing as an officer of Customers Bancorp, serving as the company’s Chief Banking Officer.
Were any derivative securities reported in this Customers Bancorp (CUBI) Form 4?
No derivative securities transactions are listed in Table II; only a non-derivative Common Stock tax-withholding transaction is reported.