Form 4: Customers Bancorp Director Rothermel Receives Stock in Lieu of Cash Compensation

Director Daniel K. Rothermel acquired 625 shares of Customers Bancorp, Inc. (CUBI) common stock as compensation for Q2 2024 director fees.

Summary

• On June 17, 2024, Daniel K. Rothermel, a director of Customers Bancorp, Inc. (CUBI), acquired 625 shares of common stock.
• The shares were received as compensation in lieu of cash for director services for the second quarter of 2024.
• The price per share was $44.06.
• Following the transaction, Rothermel directly owns 110,801 shares of Customers Bancorp, Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The director increasing their stake in the company could be seen as a positive signal.

Positives

• The acquisition of shares by a director demonstrates alignment with shareholder interests.

Industry Context

Director compensation in the form of stock is a common practice in the financial industry to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice among publicly traded companies, particularly in the financial sector.
• Companies like JPMorgan Chase & Co. and Bank of America also utilize stock awards as part of their director compensation packages.
• The amount of stock awarded varies based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates