Form 4: Customers Bancorp Executive Jessie John Deano Velasquez Reports Stock Transaction
SEC Form 4
Jessie John Deano Velasquez, Chief Accounting Officer of Customers Bancorp, Inc., reports the withholding of 273 common stock shares for taxes upon vesting of a restricted stock award on April 4, 2024.
Summary
- On April 4, 2024, Jessie John Deano Velasquez, the Chief Accounting Officer of Customers Bancorp, Inc. (CUBI), had 273 shares of common stock withheld for taxes.
- This transaction occurred due to the vesting of a previously issued restricted stock award.
- The price per share for the transaction was $50.
- Following the transaction, Velasquez beneficially owns 4,638 shares of Customers Bancorp, Inc., including 3,621 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of stock transaction (shares withheld for taxes). |
| 04/05/2024 | Date of signature on the Form 4 filing. |
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