Customers Bancorp director awarded 1,053 shares
Customers Bancorp director Steven J. Zuckerman received stock in lieu of Q3 2026 cash fees, bringing his direct holdings to 74,701 common shares.
Rhea-AI Filing Summary
Customers Bancorp, Inc. (symbol: CUBB) is the issuer of record for a Form 4 filing submitted to the SEC. Zuckerman Steven J reported acquisition or exercise transactions in this Form 4 filing.
Customers Bancorp, Inc. (CUBB) reported that director Steven J. Zuckerman received a grant of 1,053 shares of common stock on September 15, 2026, issued in lieu of cash for his Q3 2026 director compensation at a reference value of $78.91 per share. Following this award, he directly holds 74,701 common shares, with additional indirect holdings through the Steven J. Zuckerman Revocable Trust and a multigenerational trust for which he serves as investment adviser and in which he and his family are beneficiaries, while he disclaims beneficial ownership of that trust’s shares except to the extent of his pecuniary interest. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,053 shares
Grant/Award
3 txns
Insider
Zuckerman Steven J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,053 | $78.91 | $83K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 74,701 shares (Direct);
Common Stock — 225,069 shares (Indirect, Trust)
Footnotes (3)
- F1. This stock was issued to the reporting person in lieu of cash for director compensation for Q3 2026.
- F2. Steven J. Zuckerman Revocable Trust.
- F3. The reporting person has been appointed as investment advisor for the Victoria H. Zuckerman 2006 Multigenerational Trust u/a/d 8/21/06. The reporting person and members of his immediate family are among the beneficiaries of the trust. The reporting person disclaims beneficial ownership of the CUBI common stock held by the trust except to the extent of his pecuniary interest therein.
Key Figures
Director stock award: 1,053 shares
Award reference price: $78.91 per share
Direct holdings after transaction: 74,701 shares
+1 more
4 metrics
Director stock award
1,053 shares
Common stock granted to Steven J. Zuckerman on September 15, 2026 in lieu of Q3 2026 director cash compensation
Award reference price
$78.91 per share
Reference value used for the 1,053-share stock award on September 15, 2026
Direct holdings after transaction
74,701 shares
Customers Bancorp common stock directly held by Steven J. Zuckerman following the September 15, 2026 award
Holding entries for trusts
2 entries
Indirect ownership reported through the Steven J. Zuckerman Revocable Trust and the Victoria H. Zuckerman 2006 Multigenerational Trust
Key Terms
director compensation, Revocable Trust, beneficial ownership, pecuniary interest
4 terms
director compensation financial
"issued to the reporting person in lieu of cash for director compensation for Q3 2026"
Revocable Trust financial
"Steven J. Zuckerman Revocable Trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the CUBI common stock held by the trust"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Customers Bancorp (CUBB) report for Steven J. Zuckerman?
Customers Bancorp reported that director Steven J. Zuckerman received an award of 1,053 shares of common stock on September 15, 2026, recorded as stock issued in lieu of cash for his Q3 2026 director compensation.
What was the reference price for the Customers Bancorp (CUBB) stock granted to Steven J. Zuckerman?
The 1,053-share award to Steven J. Zuckerman was reported at a reference value of $78.91 per share, and was issued in lieu of cash for his Q3 2026 director compensation.
Was Steven J. Zuckerman’s Customers Bancorp (CUBB) stock award made under a Rule 10b5-1 plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan; the document-level checkbox affirming plan status is not marked as being under such a plan.
Does Steven J. Zuckerman have indirect holdings of Customers Bancorp (CUBB) stock?
Yes. The filing shows indirect holdings through trusts, including the Steven J. Zuckerman Revocable Trust and the Victoria H. Zuckerman 2006 Multigenerational Trust, though he disclaims beneficial ownership of the latter’s shares except for his pecuniary interest.
What is the nature of the Customers Bancorp (CUBB) stock issued to Steven J. Zuckerman on this Form 4?
The filing states the stock was issued in lieu of cash for Steven J. Zuckerman’s Q3 2026 director compensation, characterizing the transaction as a grant or award rather than an open-market purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
