Form 4: Customers Bancorp Director Andrea R. Allon Receives Stock in Lieu of Cash Compensation

Director Andrea R. Allon of Customers Bancorp received 832 shares of common stock in lieu of cash compensation for Q3 2024.

Summary

• On September 16, 2024, Andrea R. Allon, a director of Customers Bancorp, Inc. (CUBI), acquired 832 shares of common stock.
• The shares were received in lieu of cash compensation for serving as a director during the third quarter of 2024.
• The price per share was $48.35.
• Following the transaction, Allon directly owns 35,626 shares of Customers Bancorp common stock and indirectly owns 965 shares through a spouse.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking stock in lieu of cash suggests confidence in the company's prospects, but it's a routine transaction.

Positives

• The acceptance of stock in lieu of cash compensation by a director demonstrates confidence in the company's future performance.

Industry Context

Directors accepting stock in lieu of cash is a common practice, especially in smaller to mid-sized companies, as it aligns their interests with those of shareholders and conserves cash.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates