Form 4: CFO Mark McCollom Acquires Customers Bancorp Shares
Statement of Changes in Beneficial Ownership
Customers Bancorp CFO Mark R. McCollom reported the acquisition of 5,082 restricted stock units following shareholder approval of the 2019 Stock Incentive Plan.
Summary
- CFO Mark R. McCollom acquired 2,371 restricted stock units (RSUs) on March 13, 2026, at a price of $64.72.
- CFO Mark R. McCollom acquired an additional 2,711 RSUs on April 8, 2026, at a price of $73.80.
- The total beneficial ownership following these transactions is 5,082 shares.
- The grants were contingent upon shareholder approval of an amendment to the 2019 Stock Incentive Plan, which was finalized on May 26, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing regarding executive compensation and does not indicate a change in company strategy or financial performance.
Positives
- Increased alignment between executive interests and shareholder value through equity-based compensation.
- Successful shareholder approval of the 2019 Stock Incentive Plan amendment.
Negatives
- None identified.
Risks
- Market price volatility affecting the value of equity-based compensation.
Future Outlook
No specific forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that this filing represents standard executive compensation reporting for a publicly traded financial institution, reflecting routine equity incentive vesting following corporate governance approvals.
Comparison to Industry Standards
- The use of restricted stock units as a component of executive compensation is consistent with standard practices among U.S. regional banks.
- The filing adheres to SEC Section 16(a) reporting requirements for executive officers.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Incentive Plan Amendment | Shareholders approved an amendment to the 2019 Stock Incentive Plan. | 2026-05-26 | Allows for continued equity-based compensation for key personnel. |
Stakeholder Impact
- Shareholders: Increased alignment of CFO incentives with long-term stock performance.
Next Steps
- No future actions or milestones mentioned.
Key Dates
| Date | Description |
|---|---|
| 2026-03-13 | Initial RSU grant transaction date. |
| 2026-04-08 | Second RSU grant transaction date. |
| 2026-05-26 | Shareholder approval of the 2019 Stock Incentive Plan amendment. |
| 2026-05-28 | Filing date of the Form 4. |
Keywords
Customers Bancorp, CUBI, Insider Trading, Form 4, Restricted Stock Units, Executive Compensation
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