Form 4: Customers Bancorp President Samvir S. Sidhu Reports Stock Transaction
SEC Form 4
Samvir S. Sidhu, President of Customers Bancorp, reports the withholding of shares for taxes upon vesting of restricted stock and beneficial ownership of common stock through trusts.
Summary
- On March 22, 2025, Samvir S. Sidhu, President of Customers Bancorp, Inc. (CUBI), reported a transaction involving common stock.
- 1,210 shares were withheld for taxes upon the vesting of previously issued restricted stock at a price of $51.55.
- Following the transaction, Sidhu directly owns 289,695 shares of common stock, which includes 54,179 Restricted Stock Units.
- Sidhu also indirectly owns 745 shares each through three irrevocable trusts for the benefit of Ziya Sidhu, Kaira Sidhu, and Lian Sidhu.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
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.
Key Dates
| Date | Description |
|---|---|
| 03/22/2025 | Date of stock transaction (shares withheld for taxes). |
| 03/25/2025 | Date of signature on the Form 4 filing. |
Keywords
Customers Bancorp, CUBI, Samvir S. Sidhu, Form 4, Beneficial Ownership, Stock Transaction, Restricted Stock Units, Trusts
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