Form 4: Customers Bancorp EVP Sells Shares for Tax Withholding

Customers Bancorp's EVP, Philip Watkins, disposed of 3,763 shares of common stock at $70.11 per share on October 24, 2025, for tax withholding purposes related to a restricted stock award.

Summary

• Philip Watkins, Executive Vice President and Head of Corporate Development at Customers Bancorp, Inc. (CUBI), reported a transaction on October 24, 2025.
• The transaction involved the disposition of 3,763 shares of common stock.
• These shares were withheld for taxes upon the vesting of a previously issued restricted stock award.
• The price per share for the disposition was $70.11.
• Following this transaction, Philip Watkins beneficially owns 53,749 shares of common stock, which includes 24,439 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary tax withholding event related to executive compensation, which typically has a neutral impact on sentiment.

Negatives

• A reduction of 3,763 shares in the direct beneficial ownership of common stock by a key executive.

Future Outlook

NA

Industry Context

Insider transactions, particularly those related to tax withholdings upon restricted stock vesting, are common occurrences across all industries as part of executive compensation plans. This filing does not provide broader industry-specific trends or insights.

Stakeholder Impact

• Minimal impact on shareholders as it is a routine tax-related transaction and not a discretionary sale indicating a change in executive confidence.

Key Dates

Keywords

Customers Bancorp, CUBI, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Executive Compensation, Philip Watkins