Form 4: Customers Bancorp CFO Philip Watkins Reports Stock Transaction
SEC Form 4 Filing
Philip Watkins, CFO of Customers Bancorp, reports the withholding of shares for taxes upon vesting of restricted stock.
Summary
- On April 4, 2024, Philip Watkins, CFO of Customers Bancorp, reported a transaction involving common stock.
- 1,262 shares were withheld for taxes upon the vesting of a previously issued restricted stock award at a price of $50 per share.
- Following the transaction, Watkins beneficially owns 55,511 shares of common stock, including 39,984 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions, with neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of stock transaction (tax withholding) |
| 04/05/2024 | Date of signature on the Form 4 filing |
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