Customers Bancorp chair reports tax share withholding
Customers Bancorp, Inc. chairman Jay S. Sidhu reported a routine tax-related share withholding tied to a restricted stock vesting.
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Form Type
4
Rhea-AI Filing Summary
Customers Bancorp, Inc. chairman Jay S. Sidhu reported a routine tax-related share withholding tied to a restricted stock vesting. On April 4, 2026, 6,657 shares of common stock were withheld at $70.41 per share to cover tax obligations, rather than sold in the open market.
After this transaction, he directly holds 779,282 common shares, which the footnotes state include 45,318 Restricted Stock Units. He also has indirect ownership positions, including 3,701 shares in an individual account for his spouse and sizeable blocks held in multiple family trusts.
Insider Trade Summary
Exercise Price or Tax Liability: 6,657 shares
Exercise Price or Tax Liability
5 txns
Insider
SIDHU JAY S
Role
Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 6,657 | $70.41 | $469K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 779,282 shares (Direct);
Common Stock — 3,701 shares (Indirect, Spouse);
Common Stock — 553,937 shares (Indirect, Trust)
Footnotes (6)
- F1. Shares withheld for taxes upon vesting of previously issued restricted stock award.
- F2. Includes 45,318 Restricted Stock Units.
- F3. Shares held in Sherry Sidhu Individual Account
- F4. Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.
- F5. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1.
- F6. Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.
Key Figures
Tax-withheld shares: 6,657 shares
Withholding price: $70.41 per share
Direct holdings after transaction: 779,282 shares
+5 more
8 metrics
Tax-withheld shares
6,657 shares
Withheld for taxes upon restricted stock vesting on April 4, 2026
Withholding price
$70.41 per share
Price used for tax-withholding disposition
Direct holdings after transaction
779,282 shares
Common Stock directly held by Jay S. Sidhu after April 4, 2026
Included RSUs
45,318 RSUs
Restricted Stock Units included within direct holdings
Spouse account holdings
3,701 shares
Indirect ownership via Sherry Sidhu individual account
Trust holdings example 1
213,560 shares
Indirect ownership via an irrevocable trust
Trust holdings example 2
181,825 shares
Indirect ownership via Family Trust No. 1
Trust holdings example 3
158,552 shares
Indirect ownership via Family Trust No. 2
Key Terms
Restricted Stock Units, tax-withholding disposition, Form 4, indirect ownership, +2 more
6 terms
Restricted Stock Units financial
"Includes 45,318 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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
indirect ownership financial
""direct_or_indirect": "I",
"nature_of_ownership":"
Irrevocable Trust financial
"and Descendants Irrevocable Trust."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Family Trust financial
"Family Trust No. 1."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Customers Bancorp (CUBI) chairman Jay S. Sidhu report in this Form 4?
Jay S. Sidhu reported a tax-related share withholding, not an open-market sale. On April 4, 2026, 6,657 Customers Bancorp common shares were withheld to satisfy tax obligations from a restricted stock vesting, while his overall direct and indirect ownership stakes remain substantial.
Is the Sidhu Form 4 transaction in Customers Bancorp stock a market sale?
No. The Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover tax liabilities arising from the vesting of a restricted stock award, a common administrative step for equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
