Form 4: Customers Bancorp Director Rothermel Acquires Shares in Lieu of Cash Compensation
SEC Form 4
Director Daniel K. Rothermel acquired 625 shares of Customers Bancorp, Inc. (CUBI) common stock on September 16, 2024, as compensation for Q3 2024 director fees.
Summary
- On September 16, 2024, Daniel K. Rothermel, a director of Customers Bancorp, Inc. (CUBI), acquired 625 shares of common stock.
- The shares were issued in lieu of cash compensation for Rothermel's service as a director during the third quarter of 2024.
- The price per share was $48.35.
- Following the transaction, Rothermel directly owns 111,426 shares of Customers Bancorp, Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard compensation practice. The director's acceptance of stock could be viewed as a positive signal, but it's not a major event.
Positives
- Director's acceptance of stock in lieu of cash demonstrates confidence in the company's value.
Industry Context
Directors receiving stock as compensation is a common practice, aligning their interests with shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of transaction: Director Daniel K. Rothermel acquired 625 shares of Customers Bancorp, Inc. common stock. |
| 09/17/2024 | Date of signature: Form 4 signed by Andrew Sachs under Power of Attorney for Daniel K. Rothermel. |
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