Form 4: Customers Bancorp CEO Jay Sidhu Reports Stock Transaction
SEC Form 4 Filing
Jay Sidhu, Chairman & CEO of Customers Bancorp, reports disposition of 6,433 shares for tax purposes following vesting of restricted stock.
Summary
- On April 4, 2024, Jay S. Sidhu, Chairman & CEO of Customers Bancorp, Inc. (CUBI), reported a transaction involving the disposition of 6,433 shares of common stock.
- The shares were withheld for taxes upon the vesting of a previously issued restricted stock award.
- The transaction price was $50 per share.
- Following the transaction, Sidhu directly owns 1,172,130 shares of Customers Bancorp common stock.
- Sidhu also has indirect ownership through various trusts and his spouse.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of stock transaction (disposition of shares). |
| 04/05/2024 | Date of signature on the Form 4 filing. |
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