Form 4: Customers Bancorp CFO Philip Watkins Reports Stock Transaction
SEC Form 4 Filing
CFO Philip Watkins of Customers Bancorp, Inc. reports disposition of 278 shares for tax purposes following vesting of restricted stock.
Summary
- On March 22, 2025, Philip Watkins, CFO of Customers Bancorp, Inc., reported a transaction involving the disposition of 278 shares of common stock.
- The shares were withheld for tax purposes upon the vesting of previously issued restricted stock.
- Following the transaction, Watkins directly owns 54,897 shares of Customers Bancorp, Inc., which includes 32,066 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate any significant 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. This filing indicates a standard tax withholding procedure related to vested stock awards.
Key Dates
| Date | Description |
|---|---|
| 03/22/2025 | Date of stock transaction (disposition of shares). |
| 03/25/2025 | Date of signature on the Form 4 filing. |
Keywords
Customers Bancorp, CUBI, Philip Watkins, CFO, Form 4, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding
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