Customers Bancorp (CUBB) EVP Philip Watkins sells 3,000 shares

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Customers Bancorp, Inc. executive Philip Watkins, EVP and Head of Corporate Development, reported an open-market sale of 3,000 shares of Common Stock. The shares were sold on May 11, 2026 at a weighted average price of $75.6722 per share, across multiple trades between $75.36 and $75.84. After this sale, Watkins directly holds 43,993 shares of Customers Bancorp common stock, which the disclosure notes include 15,249 Restricted Stock Units.

Insider Trade Summary

Net Seller: 3,000 shares ($227,017)

Net Sell 1 txn

Insider Watkins Philip

Role EVP, Head of Corp Development

Sold 3,000 shs ($227K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,000	$75.6722	$227K

Holdings After Transaction: Common Stock — 43,993 shares (Direct, null)

Footnotes (1)

1. This transaction was executed in multiple trades at prices ranging from $75.36 to $75.84. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transition was affected. Includes 15,249 Restricted Stock Units.

Key Figures

Shares sold: 3,000 shares Sale price: $75.6722 per share Price range: $75.36–$75.84 per share +2 more

5 metrics

Shares sold 3,000 shares Open-market sale of Common Stock on May 11, 2026

Sale price $75.6722 per share Weighted average sale price across multiple trades

Price range $75.36–$75.84 per share Range of prices for the individual sale trades

Shares owned after sale 43,993 shares Direct holdings of Common Stock following the transaction

Restricted Stock Units included 15,249 RSUs Number of RSUs included in post-transaction holdings

Key Terms

open-market sale, weighted average sale price, Restricted Stock Units

3 terms

open-market sale financial

"reported an open-market sale of 3,000 shares of Common Stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average sale price financial

"at a weighted average price of $75.6722 per share"

Restricted Stock Units financial

"which the disclosure notes include 15,249 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.

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 10:38 AM

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Watkins Philip

(Last)

(First)

(Middle)

701 READING AVENUE

(Street)

WEST READING, PA 19611

PENNSYLVANIA

19611

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Customers Bancorp, Inc. [ CUBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Head of Corp Development

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/11/2026	05/11/2026	S		3,000	D	$75.6722⁽¹⁾	43,993⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 1. This transaction was executed in multiple trades at prices ranging from $75.36 to $75.84. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transition was affected.

2. Includes 15,249 Restricted Stock Units.

Remarks:

	/s/ Philip Watkins by Andrew Sachs under Power of Attorney	05/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Customers Bancorp (CUBB) report for Philip Watkins?

Customers Bancorp reported that EVP and Head of Corporate Development Philip Watkins sold 3,000 shares of Common Stock in an open-market transaction on May 11, 2026, and now directly holds 43,993 shares, including 15,249 Restricted Stock Units.

At what price did Philip Watkins sell Customers Bancorp (CUBB) shares?

Philip Watkins sold 3,000 Customers Bancorp Common Stock shares at a weighted average price of $75.6722. The trades were executed in multiple transactions within a price range of $75.36 to $75.84, as detailed in the filing’s footnote.

How many Customers Bancorp (CUBB) shares does Philip Watkins own after this sale?

Following the reported sale, Philip Watkins directly owns 43,993 shares of Customers Bancorp Common Stock. This total includes 15,249 Restricted Stock Units, which typically represent share-based compensation that may settle in shares according to their vesting terms.

What type of transaction was reported for Customers Bancorp (CUBB) executive Philip Watkins?

The filing shows an open-market sale of Common Stock by executive Philip Watkins. The transaction is coded “S,” indicating a sale in the open market or a private transaction, with 3,000 shares sold at a weighted average price of $75.6722 per share.

Do Philip Watkins’ reported Customers Bancorp (CUBB) holdings include Restricted Stock Units?

Yes. A footnote states that Watkins’ post-transaction holding of 43,993 Customers Bancorp shares includes 15,249 Restricted Stock Units. These RSUs are typically subject to vesting conditions and represent an important component of his equity-based compensation package.