Customers Bancorp (NYSE: CUBI) CEO Sidhu logs tax withholding on stock vesting
Rhea-AI Filing Summary
Customers Bancorp CEO Samvir S. Sidhu, who also serves as a director, reported an automatic share withholding related to equity compensation. On January 5, 2026, 838 shares of common stock were withheld at $76.18 per share to cover taxes upon vesting of a previously issued restricted stock award, as described in the footnotes. Following this transaction, he beneficially owns 517,529 shares of common stock directly, which includes 270,620 restricted stock units. The filing also lists 745 shares of common stock held indirectly in each of three irrevocable trusts for the benefit of Lian, Ziya, and Kaira Sidhu.
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FAQ
What insider transaction did Customers Bancorp CEO Samvir S. Sidhu report?
Samvir S. Sidhu reported that 838 shares of Customers Bancorp common stock were withheld on January 5, 2026 to satisfy taxes due upon the vesting of a previously issued restricted stock award, at a price of $76.18 per share.
Was the Customers Bancorp (CUBI) Form 4 transaction an open-market sale?
No. The Form 4 describes the transaction as shares withheld for taxes upon vesting of a previously issued restricted stock award, rather than an open-market sale.
How many Customers Bancorp shares does Samvir S. Sidhu beneficially own after this transaction?
After the reported tax-withholding transaction, Samvir S. Sidhu beneficially owns 517,529 shares of Customers Bancorp common stock directly, which includes 270,620 restricted stock units.
What does the footnote about restricted stock units in the Customers Bancorp Form 4 mean?
The Form 4 states that the post-transaction holding of 517,529 shares of common stock includes 270,620 restricted stock units, indicating that part of his beneficial ownership comes from unvested or restricted equity awards.
What are the trusts mentioned in the Customers Bancorp (CUBI) insider filing?
The filing lists indirect ownership of 745 shares of common stock in each of three irrevocable trusts described as Irrevocable Trust FBO Lian Sidhu, Irrevocable Trust FBO Ziya Sidhu, and Irrevocable Trust FBO Kaira Sidhu.
What transaction code is used in this Customers Bancorp Form 4 and what does the footnote say about it?
The Form 4 uses transaction code F for the January 5, 2026 event, and the related footnote explains that these were shares withheld for taxes upon vesting of a previously issued restricted stock award.