Form 4: Customers Bancorp Executive Lyle Cunningham Reports Stock Transaction
SEC Form 4
Lyle Cunningham, Chief Banking Officer of Customers Bancorp, reports the withholding of shares for taxes upon vesting of restricted stock.
Summary
- On April 4, 2025, Lyle Cunningham, Chief Banking Officer of Customers Bancorp, had 1,291 shares of common stock withheld for taxes.
- This was due to the vesting of a previously issued restricted stock award.
- Following the transaction, Cunningham beneficially owns 48,652 shares of Customers Bancorp, which includes 25,479 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, with neutral 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 minor impact on shareholders as it reflects a change in the executive's beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 04/04/2025 | Date of stock transaction (shares withheld for taxes). |
| 04/08/2025 | Date of signature on the Form 4 filing. |
Keywords
Customers Bancorp, CUBI, Lyle Cunningham, Chief Banking Officer, Form 4, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Vesting, Taxes
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.