Form 4: Customers Bancorp Executive Samvir S. Sidhu Reports Stock Transactions

Samvir S. Sidhu, President of Customers Bancorp, reports acquisition and disposal of company stock related to performance stock units and tax withholdings.

Summary

• On April 7, 2025, Samvir S. Sidhu, President of Customers Bancorp, engaged in multiple transactions involving the company's common stock.
• Sidhu acquired 3,324 shares and 3,227 shares of common stock at a price of $43.4 per share, related to a grant of Performance Stock Units award with shares vesting in accordance with the terms of the 2021 Long Term Incentives.
• Sidhu also disposed of 1,822 shares, 1,769 shares and 795 shares at $43.4 per share to cover taxes upon vesting of previously issued performance stock and restricted stock awards.
• Following these transactions, Sidhu directly owns 286,208 shares of Customers Bancorp common stock, which includes 41,464 Restricted Stock Units.
• Additionally, Sidhu indirectly owns 745 shares through a trust for Ziya Sidhu, 745 shares through a trust for Kaira Sidhu, and 745 shares through a trust for Lian Sidhu.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates

Keywords

Customers Bancorp, Samvir S. Sidhu, Stock Transactions, Form 4, Beneficial Ownership, Performance Stock Units, Restricted Stock Units, Tax Withholding