Form 4: Customers Bancorp Executive Glenn Hedde Reports Stock Transaction
SEC Form 4 Filing
Glenn Hedde, President of Mortgage Warehouse Lending at Customers Bancorp, reports the withholding of shares for taxes upon vesting of restricted stock.
Summary
- On March 22, 2024, Glenn Hedde, President of Mortgage Warehouse Lending at Customers Bancorp, Inc. (CUBI), reported a transaction involving common stock.
- 348 shares were withheld for taxes upon the vesting of a previously issued restricted stock award at a price of $51.96.
- Following the transaction, Hedde directly owns 72,101 shares of Customers Bancorp, Inc., which includes 18,542 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a stock transaction, and does not contain information that would significantly impact sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of stock transaction (shares withheld for taxes). |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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