Form 4: Customers Bancorp CFO Philip Watkins Reports Stock Transaction
SEC Form 4 Filing
Philip Watkins, CFO of Customers Bancorp, reports the disposition of 1,263 shares of common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 4, 2025, Philip Watkins, the CFO of Customers Bancorp, Inc. (CUBI), reported a transaction involving the company's common stock.
- Watkins disposed of 1,263 shares of common stock at a price of $43.46 per share.
- This disposition was due to shares being withheld for taxes upon the vesting of previously issued restricted stock awards.
- Following the transaction, Watkins beneficially owns 53,634 shares, which includes 28,895 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, and does not contain information that would significantly impact investor sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/04/2025 | Date of stock transaction (disposal of shares). |
| 04/08/2025 | Date of signature on the report. |
Keywords
Customers Bancorp, CUBI, Philip Watkins, CFO, Form 4, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding
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