Customers Bancorp (CUBI) chairman updates holdings after equity award tax withholding
Rhea-AI Filing Summary
Customers Bancorp, Inc. Chairman and Director Jay S. Sidhu reported a tax-related share withholding tied to an equity award. On January 5, 2026, 551 shares of common stock were withheld at $76.18 per share, identified as shares "withheld for taxes upon vesting of previously issued restricted stock award." After this adjustment, Sidhu directly beneficially owned 789,480 shares of common stock, which the filing notes includes 76,288 restricted stock units.
The filing also lists indirect holdings. These consist of 3,701 shares held by his spouse and additional blocks of 213,560, 181,825, and 158,552 shares held through specified family and irrevocable trusts. The report reflects Sidhu’s roles as both Chairman and Director of Customers Bancorp.
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FAQ
What insider transaction did Customers Bancorp (CUBI) report for Jay S. Sidhu on January 5, 2026?
The report shows that on January 5, 2026, 551 shares of Customers Bancorp common stock were withheld in a transaction coded "F" at $76.18 per share. A footnote explains these shares were withheld for taxes upon vesting of a previously issued restricted stock award.
How many Customers Bancorp (CUBI) shares does Jay S. Sidhu directly own after this Form 4 transaction?
Following the reported tax withholding, Jay S. Sidhu directly beneficially owned 789,480 shares of Customers Bancorp common stock. A footnote states that this direct amount includes 76,288 restricted stock units.
What indirect share holdings for Jay S. Sidhu are disclosed in this Customers Bancorp (CUBI) filing?
The filing lists several indirect holdings of Customers Bancorp common stock for Jay S. Sidhu: 3,701 shares held by his spouse, and additional holdings of 213,560, 181,825, and 158,552 shares held through family and irrevocable trusts described in the footnotes.
What do the footnotes in Jay S. Sidhu’s Customers Bancorp (CUBI) Form 4 explain?
The footnotes clarify that the 551 shares were withheld for taxes upon vesting of a previously issued restricted stock award, that the 789,480 direct shares include 76,288 restricted stock units, and they identify the specific family and irrevocable trusts holding the indirect positions.
What is Jay S. Sidhu’s role at Customers Bancorp (CUBI) according to this insider report?
The filing identifies Jay S. Sidhu as both a Director and an Officer of Customers Bancorp, with the officer title listed as Chairman. These roles are indicated in the relationship section of the report.
Does this Customers Bancorp (CUBI) Form 4 show any derivative security transactions for Jay S. Sidhu?
The section for derivative securities is present but does not report any acquired or disposed derivative securities for the period covered. The detailed activity disclosed relates only to non-derivative common stock.