Customers Bancorp EVP has shares withheld for taxes

Customers Bancorp executive Philip Watkins reported a routine tax-related share disposition.

Rhea-AI Filing Summary

Customers Bancorp executive Philip Watkins reported a routine tax-related share disposition. On a vesting of previously granted restricted stock, 1,392 shares of Common Stock were withheld to cover taxes at $70.41 per share. After this tax-withholding event, Watkins directly holds 47,561 shares of Customers Bancorp, Inc., including 16,542 Restricted Stock Units. This was not an open-market sale but a mechanistic withholding tied to equity compensation.

Insider Trade Summary

Exercise Price or Tax Liability: 1,392 shares

Exercise Price or Tax Liability 1 txn

Insider Watkins Philip

Role EVP, Head of Corp Development

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,392	$70.41	$98K

Holdings After Transaction: Common Stock — 47,561 shares (Direct)

Footnotes (2)

1. F1. Shares withheld for taxes upon vesting of previously issued restricted stock award.
2. F2. Includes 16,542 Restricted Stock Units.

Key Figures

Shares withheld for taxes: 1,392 shares Withholding price per share: $70.41 per share Shares held after transaction: 47,561 shares +1 more

4 metrics

Shares withheld for taxes 1,392 shares Withholding on restricted stock vesting

Withholding price per share $70.41 per share Value used for tax-withholding transaction

Shares held after transaction 47,561 shares Direct ownership following tax withholding

Restricted Stock Units included 16,542 RSUs Equity awards within post-transaction holdings

Key Terms

Restricted Stock Units, tax-withholding disposition, restricted stock award, Common Stock

4 terms

Restricted Stock Units financial

"Includes 16,542 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.

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

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 award financial

"Shares withheld for taxes upon vesting of previously issued restricted stock award."

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Customers Bancorp (CUBI) EVP Philip Watkins report in this Form 4?

Philip Watkins reported a tax-withholding disposition of 1,392 shares of Customers Bancorp Common Stock. The shares were withheld to cover taxes upon vesting of a previously issued restricted stock award, not sold in the open market.

How many Customers Bancorp shares were withheld for taxes in Watkins’ filing?

The filing shows 1,392 shares of Customers Bancorp Common Stock were withheld for taxes. This occurred when a previously issued restricted stock award vested, with the withholding made instead of an open-market sale of shares.

At what price were the Customers Bancorp shares valued for Watkins’ tax withholding?

The 1,392 withheld shares were valued at $70.41 per share for tax purposes. This price reflects the value applied in the tax-withholding transaction related to the vesting of Watkins’ restricted stock award.

How many Customers Bancorp shares does Philip Watkins hold after this Form 4 event?

After the tax-withholding disposition, Philip Watkins directly holds 47,561 shares of Customers Bancorp Common Stock. This total includes both his existing holdings and equity from prior awards that remain outstanding after the withholding.

How many Restricted Stock Units does Watkins have in his Customers Bancorp position?

The filing notes that Watkins’ position includes 16,542 Restricted Stock Units. These RSUs represent additional equity-based compensation that can convert into shares in the future, separate from the 1,392 shares withheld for taxes.

Was Watkins’ Customers Bancorp transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The Form 4 and footnote explain that 1,392 shares were withheld to satisfy tax obligations upon vesting of a restricted stock award, a routine, compensation-related event.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/07/2026 - 02:57 PM EDT Learn about SEC filing dates

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^*

Watkins Philip

(Last) (First) (Middle)

701 READING AVENUE

(Street)

WEST READING, PA 19611 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Head of Corp Development

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/04/2026	04/04/2026	F		1,392(1)	D	$70.41	47,561(2)	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. Shares withheld for taxes upon vesting of previously issued restricted stock award.

2. Includes 16,542 Restricted Stock Units.

Remarks:

	/s/ Philip Watkins by Andrew Sachs under Power of Attorney	04/07/2026
	** 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.
* Form 4: SEC 1474 (03-26)