Form 4: Customers Bancorp Executive Samvir S. Sidhu Reports Tax Withholding on Restricted Stock Units
SEC Form 4
Samvir S. Sidhu, President of Customers Bancorp, reports the withholding of shares for taxes upon the vesting of restricted stock units.
Summary
- On April 12, 2025, Samvir S. Sidhu, President of Customers Bancorp, Inc. (CUBI), had 1,389 shares of common stock withheld for taxes.
- This was due to the vesting of previously issued restricted stock units.
- Following the transaction, Sidhu directly owns 293,367 shares of Customers Bancorp common stock, which includes 47,478 Restricted Stock Units.
- Sidhu also indirectly owns 745 shares in each of three irrevocable trusts for the benefit of Ziya Sidhu, Kaira Sidhu, and Lian Sidhu.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax withholding on vested stock, so it carries a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding event related to the vesting of restricted stock units, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/12/2025 | Date of transaction: Shares withheld for taxes. |
| 04/15/2025 | Date of signature on the Form 4 filing. |
Keywords
Customers Bancorp, CUBI, Samvir S. Sidhu, Form 4, Beneficial Ownership, Restricted Stock Units, Tax Withholding, Insider Transaction
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