Customers Bancorp (NYSE: CUBI) CEO adds 1,000 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Customers Bancorp, Inc. CEO Samvir S. Sidhu reported an open-market purchase of 1,000 shares of Common Stock at $72.5775 per share. Following this buy, his direct holdings total 521,714 shares, which a footnote states includes 245,810 Restricted Stock Units.
The filing also lists 745 shares of Common Stock held indirectly through irrevocable trusts for the benefit of Lian, Ziya, and Kaira Sidhu, reported as indirect ownership. Overall, this represents a modest increase in the CEO’s personal stake through a direct market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares ($72,578)
Net Buy
4 txns
Insider
Sidhu Samvir S.
Role
CEO
Bought
1,000 shs ($73K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,000 | $72.5775 | $73K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 521,714 shares (Direct, null);
Common Stock — 745 shares (Indirect, Trust)
Footnotes (1)
- Includes 245,810 Restricted Stock Units. Irrevocable Trust FBO Lian Sidhu. Irrevocable Trust FBO Ziya Sidhu. Irrevocable Trust FBO Kaira Sidhu.
Key Figures
Shares purchased: 1,000 shares
Purchase price: $72.5775 per share
Direct holdings after transaction: 521,714 shares
+2 more
5 metrics
Shares purchased
1,000 shares
Open-market purchase of Common Stock
Purchase price
$72.5775 per share
Price paid for the 1,000-share buy
Direct holdings after transaction
521,714 shares
CEO’s direct Common Stock position following purchase
Restricted Stock Units
245,810 RSUs
Included within the 521,714 directly held shares
Indirect trust holdings
745 shares
Common Stock held via irrevocable trusts
Key Terms
Restricted Stock Units, open-market purchase, Irrevocable Trust, indirect ownership
4 terms
Restricted Stock Units financial
"A footnote explains the total includes 245,810 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.
open-market purchase financial
"The transaction is described as an open-market purchase of Common Stock."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Irrevocable Trust financial
"The filing references an Irrevocable Trust FBO Lian Sidhu."
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.
indirect ownership financial
"Trust-held shares are reported as indirect ownership associated with the CEO."
FAQ
What insider transaction did Customers Bancorp (CUBB) report for its CEO?
Customers Bancorp CEO Samvir S. Sidhu reported buying 1,000 shares of Common Stock in an open-market transaction. The purchase was at a price of $72.5775 per share, increasing his directly held stake in the company.
What does the Form 4 say about Customers Bancorp CEO restricted stock units?
A footnote states that the CEO’s reported direct holding of 521,714 shares includes 245,810 Restricted Stock Units. This clarifies that a significant portion of his equity position consists of RSUs granted as part of compensation.