Form 4: Customers Bancorp CFO Leibold Reports Stock Transaction
SEC Form 4 Filing
Carla A. Leibold, CFO of Customers Bancorp, reports the withholding of shares for taxes upon vesting of restricted stock.
Summary
- On April 4, 2024, Carla A. Leibold, the Chief Financial Officer of Customers Bancorp, Inc. (CUBI), reported a transaction involving common stock.
- A total of 2,644 shares were disposed of to cover taxes upon the vesting of a previously issued restricted stock award.
- The price per share was $50.
- Following the transaction, Leibold beneficially owns 42,045 shares of common stock, including 35,858 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a standard practice for executives to have shares withheld to cover taxes when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of stock transaction (disposal of shares for tax withholding). |
| 04/05/2024 | Date of signature on the Form 4 filing. |
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