[Form 4] Customers Bancorp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Customers Bancorp director Robert N. Mackay received 883 shares of common stock as director compensation for Q3 2025, issued in lieu of cash at an effective price of $67.85 per share. Following the transaction on 09/15/2025, Mr. Mackay beneficially owns 8,345 shares. The Form 4 was signed on 09/19/2025 under power of attorney. The filing identifies the award as standard director compensation and does not disclose any additional cash payments, option grants, or derivative transactions. No other material changes to ownership or related-party arrangements are reported in this document.

Positive

• Director received equity compensation (883 shares) which can enhance alignment with shareholders
• Timely disclosure filed and signed under power of attorney within four days of the transaction

Negative

• None.

Insights

Corporate Governance Expert

TL;DR Director received equity in lieu of cash, aligning interests without indicating governance concerns.

The Form 4 shows a routine board compensation payment converted to equity: 883 shares at $67.85 each for Q3 2025, increasing the reporting person’s holdings to 8,345 shares. Equity-based director pay is commonly used to align management and board incentives with shareholders. The filing contains no indications of related-party transactions beyond standard director compensation, no new derivative activity, and no changes in control. Documentation appears timely and complete for this single transaction.

Securities Analyst

TL;DR Small equity issuance to a director; immaterial to overall capitalization but worth noting for insider alignment.

The disclosed issuance is a non-derivative equity award of 883 shares issued in lieu of cash, reported as acquired on 09/15/2025 at a price of $67.85, resulting in 8,345 shares beneficially owned by the reporting person. For most investors, this size of grant is unlikely to be materially dilutive given the company’s overall share count, and the Form 4 does not show any option exercises or sales. The filing is narrowly focused and does not provide further context on total outstanding shares or percent ownership.

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).

1. Name and Address of Reporting Person^*

Mackay Robert Neil

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025	09/15/2025	A		883(1)	A	$67.85	8,345	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. This stock was issued to the reporting person in lieu of cash for director compensation for Q3 2025.

Remarks:

	/s/ Robert N Mackay by Andrew Sachs Under Power of Attorney	09/19/2025
	** 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.

FAQ

What did CUBI director Robert N. Mackay receive on 09/15/2025?

He received 883 shares of common stock as director compensation issued in lieu of cash.

At what price were the shares issued to the CUBI director?

The shares were reported at a price of $67.85 per share.

How many shares does Robert N. Mackay beneficially own after the transaction?

He beneficially owns 8,345 shares following the reported transaction.

When was the Form 4 for this transaction signed?

The Form 4 was signed on 09/19/2025 by Robert N. Mackay via power of attorney.

Was this transaction a derivative or a non-derivative security?

This was a non-derivative common stock issuance; no derivatives were reported.