Form 4: Customers Bancorp Director Rajeev V. Date Acquires Shares as Director Compensation
SEC Form 4
Director Rajeev V. Date acquired 625 shares of Customers Bancorp, Inc. (CUBI) common stock as part of director compensation for Q2 2024.
Summary
- On June 17, 2024, Rajeev V. Date, a director of Customers Bancorp, Inc. (CUBI), acquired 625 shares of common stock.
- The shares were received as compensation for serving as a director during the second quarter of 2024.
- The price per share was $44.06.
- Following the transaction, Rajeev V. Date directly owns 5,025 shares of Customers Bancorp, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of significant positive or negative implications.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Director share acquisitions are common and are often viewed as a sign of confidence in the company's prospects. This transaction is a routine part of director compensation.
Related Party Transactions
- The stock was issued to the reporting person in lieu of cash for Director compensation for Q2 2024.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard part of director compensation.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of transaction: Rajeev V. Date acquired 625 shares of Customers Bancorp, Inc. |
| 06/18/2024 | Date of signature: Form 4 signed by Andrew Sachs under Power of Attorney. |
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