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 disposition of 241 shares for tax purposes following vesting of restricted stock.
Summary
- On February 23, 2024, Glenn Hedde, President of Mortgage Warehouse Lending at Customers Bancorp, Inc. (CUBI), reported a transaction involving the company's common stock.
- Hedde disposed of 241 shares to cover taxes upon the vesting of a previously issued restricted stock award.
- The transaction was executed at a price of $52.66 per share.
- Following the transaction, Hedde directly owns 70,094 shares of Customers Bancorp, Inc., which includes 16,949 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and has a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is typical for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of stock transaction (disposal of shares). |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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