Customers Bancorp (CUBI) director granted shares for Q1 2026 fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mackay Robert Neil reported acquisition or exercise transactions in this Form 4 filing.
Customers Bancorp, Inc. director Robert Neil Mackay received a stock award of 895 shares of common stock on March 16, 2026. The shares, valued at $64.72 per share, were issued in lieu of cash for his Q1 2026 director compensation, rather than bought on the open market. Following this grant, he directly holds 9,813 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mackay Robert Neil
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 895 | $64.72 | $58K |
Holdings After Transaction:
Common Stock — 9,813 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Customers Bancorp (CUBI) report for Robert Neil Mackay?
Customers Bancorp reported that director Robert Neil Mackay received 895 shares of common stock on March 16, 2026. The shares were granted as compensation in stock form, not purchased in the market, and increased his direct holdings to 9,813 shares.
Was the Customers Bancorp (CUBI) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a stock grant, not a market purchase. Code "A" and the footnote specify the 895 shares were issued to Robert Neil Mackay as a grant in lieu of cash for Q1 2026 director compensation.
What period of service did the Customers Bancorp (CUBI) stock grant to Robert Neil Mackay cover?
The footnote explains that the 895-share stock grant compensated Robert Neil Mackay for Q1 2026 director service. Instead of paying cash fees for that quarter, the company issued common stock directly to the director as his compensation.