Form 4: Customers Bancorp Executive Glenn Hedde Sells Shares
SEC Form 4
Glenn Hedde, President of Mortgage Warehouse Lending at Customers Bancorp, sold 666 shares of common stock at an average price of $54.1986 on February 27, 2024.
Summary
- On February 27, 2024, Glenn Hedde, the President of Mortgage Warehouse Lending at Customers Bancorp, Inc. (CUBI), sold 666 shares of the company's common stock.
- The sale was executed at a weighted average price of $54.1986 per share, with individual transactions ranging from $54.1985 to $54.2650.
- Following the transaction, Hedde directly owns 69,428 shares, which includes 16,949 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling a small portion of their shares doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of the transaction: Glenn Hedde sold 666 shares of Customers Bancorp common stock. |
| 02/28/2024 | Date of report: Form 4 filing date. |
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