Form 4: Customers Bancorp Director Andrea R. Allon Acquires Shares in Lieu of Cash Compensation
SEC Form 4
Director Andrea R. Allon acquired 852 shares of Customers Bancorp, Inc. (CUBI) common stock in lieu of cash compensation for Q2 2024.
Summary
- On June 17, 2024, Andrea R. Allon, a director of Customers Bancorp, Inc. (CUBI), acquired 852 shares of common stock.
- The acquisition was made in lieu of cash compensation for Director compensation for Q2 2024.
- The price per share was $44.06.
- Following the transaction, Allon directly owns 34,794 shares of CUBI common stock and indirectly owns 965 shares through a spouse.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director accepting stock in lieu of cash compensation can be seen as a positive sign, indicating confidence in the company's future.
Positives
- A director taking compensation in stock aligns their interests with shareholders.
Industry Context
Directors receiving stock in lieu of cash compensation is a common practice to align management's interests with those of shareholders. It demonstrates confidence in the company's future performance.
Stakeholder Impact
- Shareholders may view the director's stock acquisition positively, as it aligns management's interests with their own.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of transaction: Andrea R. Allon acquired 852 shares of Customers Bancorp common stock. |
| 06/18/2024 | Date of signature: Form 4 signed by Andrew Sachs under Power of Attorney for Andrea R. Allon. |
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