Form 4: Customers Bancorp CEO Samvir Sidhu Reports Stock Transaction
SEC Form 4 Filing
Samvir Sidhu, CEO of Customers Bancorp, reports the withholding of shares for taxes upon vesting of restricted stock.
Summary
- On April 6, 2024, Samvir S. Sidhu, the President and CEO of Customers Bancorp, Inc. (CUBI), had 3,015 shares of common stock withheld for taxes.
- This was due to the vesting of a previously issued restricted stock award.
- The price per share was $50.43.
- Following the transaction, Sidhu directly owns 132,192 shares of Customers Bancorp, Inc., which includes 43,807 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders and provide transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/06/2024 | Date of stock transaction (shares withheld for taxes). |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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