Form 4: Customers Bancorp Executive Jessie John Deano Velasquez Reports Stock Transaction
SEC Form 4 Filing
Jessie John Deano Velasquez, Chief Accounting Officer of Customers Bancorp, Inc., reports the withholding of 81 common stock shares for taxes upon vesting of a restricted stock award on March 22, 2024.
Summary
- On March 22, 2024, Jessie John Deano Velasquez, the Chief Accounting Officer of Customers Bancorp, Inc., had 81 shares of common stock withheld for taxes.
- This was due to the vesting of a previously issued restricted stock award.
- The price per share was $51.96.
- Following this transaction, Velasquez directly owns 4,911 shares of Customers Bancorp, Inc., which includes 4,582 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine stock transaction related to executive compensation. It doesn't indicate positive or negative sentiment.
Industry Context
This 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 standard procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of stock transaction: 81 shares withheld for taxes upon vesting of restricted stock award. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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