Form 4: Customers Bancorp Director Rothermel Receives Stock in Lieu of Cash Compensation
SEC Form 4
Director Daniel K. Rothermel acquired 625 shares of Customers Bancorp, Inc. (CUBI) common stock on March 15, 2024, as compensation for Q1 2024 director services.
Summary
- On March 15, 2024, Daniel K. Rothermel, a director of Customers Bancorp, Inc. (CUBI), acquired 625 shares of common stock.
- The shares were received in lieu of cash as compensation for serving as a director during the first quarter of 2024.
- The price of the stock at the time of the transaction was $48.75 per share.
- Following the transaction, Rothermel directly owns 110,176 shares of Customers Bancorp, Inc.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (director compensation) and doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
Industry Context
Directors receiving stock in lieu of cash compensation is a common practice in the financial industry, aligning their interests with shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock acquisition by Director Daniel K. Rothermel. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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