Form 4: Customers Bancorp Executive Glenn Hedde Reports Stock Disposal for Tax Obligations

Glenn Hedde, President of Mortgage Warehouse Lending at Customers Bancorp, disposed of 348 shares of common stock on March 22, 2025, to cover tax obligations arising from the vesting of restricted stock.

Summary

• On March 22, 2025, Glenn Hedde, President of Mortgage Warehouse Lending at Customers Bancorp, Inc. (CUBI), disposed of 348 shares of common stock.
• The transaction was executed to cover tax obligations related to the vesting of previously issued restricted stock.
• The shares were disposed of at a price of $51.55 per share.
• Following the transaction, Hedde directly owns 54,597 shares of Customers Bancorp, Inc., which includes 16,111 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications for the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects standard practice for covering tax liabilities associated with stock vesting.

Stakeholder Impact

• The transaction has minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates

Keywords

Customers Bancorp, CUBI, Glenn Hedde, Stock Disposal, Form 4, Mortgage Warehouse Lending, Restricted Stock Units, Tax Obligations, Beneficial Ownership