Form 4: Customers Bancorp Executive Glenn Hedde Reports Stock Transaction
SEC Form 4
Glenn Hedde, Pres Mortgage Warehouse Lending at Customers Bancorp, reports disposition of shares for tax purposes following vesting of restricted stock.
Summary
- On April 4, 2025, Glenn Hedde, Pres Mortgage Warehouse Lending at Customers Bancorp, reported a transaction involving common stock.
- 843 shares were disposed of to cover taxes at a price of $43.46 per share.
- Following the transaction, Hedde directly owns 53,754 shares, which includes 12,652 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions, and does not contain information that would significantly impact sentiment positively or negatively.
Industry Context
This 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 shareholders as it is a routine tax-related disposal of shares.
Key Dates
| Date | Description |
|---|---|
| 04/04/2025 | Date of stock transaction (disposal of shares for tax withholding). |
| 04/08/2025 | Date of signature on the Form 4 filing. |
Keywords
Customers Bancorp, CUBI, Glenn Hedde, Form 4, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.