Form 4: Customers Bancorp Executive Jessie John Deano Velasquez Reports Stock Transaction

Chief Accounting Officer Jessie John Deano Velasquez reports disposition of 274 shares of Customers Bancorp, Inc. for tax purposes.

Summary

• On April 4, 2025, Jessie John Deano Velasquez, Chief Accounting Officer of Customers Bancorp, Inc. (CUBI), reported a transaction involving the disposition of 274 shares of common stock.
• The shares were withheld for taxes upon the vesting of a previously issued restricted stock award.
• The transaction was executed at a price of $43.46 per share.
• Following the transaction, Velasquez directly owns 5,896 shares of Customers Bancorp, Inc., which includes 3,654 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice across the financial industry to ensure fair market practices.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine tax-related stock disposition.

Key Dates

Keywords

Customers Bancorp, CUBI, Jessie John Deano Velasquez, Form 4, Stock Transaction, Restricted Stock Units, Chief Accounting Officer, Beneficial Ownership