Customers Bancorp (CUBI) chief banking officer reports Form 4 transaction
Rhea-AI Filing Summary
Customers Bancorp, Inc. reported an insider equity transaction by its Chief Banking Officer, Lyle Cunningham. On 12/19/2025, 1,552 shares of common stock were withheld to cover taxes due upon the vesting of a previously issued restricted stock award. This did not represent an open‑market sale.
After this tax withholding, Cunningham beneficially owned 50,591 shares of Customers Bancorp common stock directly, which includes 24,491 restricted stock units that remain subject to vesting or other conditions.
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FAQ
What insider transaction was reported for Customers Bancorp (CUBI)?
The Chief Banking Officer, Lyle Cunningham, reported that 1,552 shares of Customers Bancorp common stock were withheld on 12/19/2025 to satisfy taxes due upon vesting of a restricted stock award.
Did the Customers Bancorp insider sell shares on the open market?
No. The transaction code was F, indicating shares withheld for taxes upon vesting of previously issued restricted stock, rather than a discretionary open‑market sale.
How many Customers Bancorp shares does Lyle Cunningham hold after this Form 4?
Following the reported tax withholding, Lyle Cunningham beneficially owned 50,591 shares of Customers Bancorp common stock directly.
How many restricted stock units are included in the insider’s holdings at Customers Bancorp?
The reported holdings of 50,591 shares include 24,491 restricted stock units, which represent rights to receive shares subject to vesting or other conditions.
What is Lyle Cunningham’s role at Customers Bancorp?
Lyle Cunningham is reported as an officer of Customers Bancorp, serving as its Chief Banking Officer.
At what price were the Customers Bancorp shares withheld for taxes?
The 1,552 shares withheld for taxes in connection with the restricted stock vesting were valued at $75.83 per share.