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Customers Bancorp (CUBI) CAO receives RSU award and settles taxes

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

Rhea-AI Filing Summary

Customers Bancorp, Inc. Chief Accounting Officer Jessie John Deano Velasquez received an equity compensation grant and related tax withholding transactions in company common stock. On March 13, 2026, he acquired 1,206 shares of common stock as a restricted stock unit award tied to the 2025 bonus incentive, at a reference price of $64.72 per share. On March 14 and 15, 2026, a total of 303 shares were disposed of at $64.72 per share to cover tax liabilities upon vesting of restricted stock. After these transactions, he directly held 4,557 shares of common stock, including a substantial portion represented by restricted stock units, reflecting a routine compensation and tax-settlement pattern rather than open-market trading.

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Insider Velasquez Jessie John Deano
Role Chief Accounting Officer
Type Security Shares Price Value
Tax Withholding Common Stock 134 $64.72 $9K
Tax Withholding Common Stock 169 $64.72 $11K
Grant/Award Common Stock 1,206 $64.72 $78K
Holdings After Transaction: Common Stock — 4,557 shares (Direct)
Footnotes (1)
  1. The amount of securities acquired reflects a grant of Restricted Stock Units award with shares vesting in accordance with the terms of the 2025 Bonus Incentive. Includes 4,860 Restricted Stock Units. Shares withheld for taxes upon vesting of previously issued restricted stock award. Includes 4,276 Restricted Stock Units. Includes 3,806 Restricted Stock Units.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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*
Velasquez Jessie John Deano
(Last) (First) (Middle)
701 READING AVENUE
(Street)
WEST READING PA 19611
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Customers Bancorp, Inc. [ CUBI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 03/13/2026 03/13/2026 A 1,206(1) A $64.72 4,860(2) D
Common Stock 03/14/2026 03/14/2026 F 169(3) D $64.72 4,691(4) D
Common Stock 03/15/2026 03/15/2026 F 134(3) D $64.72 4,557(5) D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The amount of securities acquired reflects a grant of Restricted Stock Units award with shares vesting in accordance with the terms of the 2025 Bonus Incentive.
2. Includes 4,860 Restricted Stock Units.
3. Shares withheld for taxes upon vesting of previously issued restricted stock award.
4. Includes 4,276 Restricted Stock Units.
5. Includes 3,806 Restricted Stock Units.
Remarks:
/s/ Jessie John D. Velasquez by Andrew Sachs under Power of Attorney 03/17/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Customers Bancorp (CUBI) disclose about the CAO’s latest equity grant?

Customers Bancorp reported its Chief Accounting Officer received a grant of 1,206 shares of common stock as a restricted stock unit award under the 2025 bonus incentive, using a reference price of $64.72 per share for the award’s value calculation.

How many Customers Bancorp (CUBI) shares were withheld for the CAO’s taxes?

A total of 303 shares of Customers Bancorp common stock were withheld in two transactions, coded as tax-withholding dispositions, to satisfy tax obligations arising from vesting of previously issued restricted stock awards.

Were the Customers Bancorp (CUBI) Form 4 transactions open-market buys or sells?

No. The Form 4 shows an award of restricted stock units and dispositions coded as tax-withholding. These represent compensation and tax-settlement mechanics, not open-market purchases or sales initiated for investment or trading purposes.

What is the CAO’s Customers Bancorp (CUBI) share holding after these transactions?

Following the reported grant and tax-withholding dispositions, the Chief Accounting Officer directly held 4,557 shares of Customers Bancorp common stock, with footnotes indicating that a large portion of this total consists of restricted stock units.

What does the Form 4 reveal about Customers Bancorp (CUBI) restricted stock units?

The filing explains that the acquisition reflects a restricted stock unit award under the 2025 bonus incentive and notes that the reported holdings include thousands of restricted stock units, which vest over time according to the award’s terms.