Form 4: Customers Bancorp Executive Thomas Kasulka Reports Stock Transaction
SEC Form 4 Filing
Thomas Kasulka, Chief Credit Officer of Customers Bancorp, reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On February 23, 2025, Thomas Kasulka, Chief Credit Officer of Customers Bancorp, Inc. (CUBI), reported a transaction involving the disposition of 393 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 $53.27 per share.
- Following the transaction, Kasulka beneficially owns 14,915 shares, including 13,533 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related stock disposition.
Key Dates
| Date | Description |
|---|---|
| 02/23/2025 | Date of stock transaction (disposition of shares). |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Customers Bancorp, CUBI, Thomas Kasulka, Chief Credit Officer, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding
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