Filing Details
- Accession Number:
- 0001562180-23-007473
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-11-01 16:43:28
- Reporting Period:
- 2023-10-31
- Accepted Time:
- 2023-11-01 16:43:28
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1488813 | Customers Bancorp Inc. | CUBI | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1222371 | S Jay Sidhu | 701 Reading Avenue West Reading PA 19611 | Chairman & Ceo | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-10-31 | 100,000 | $15.23 | 1,378,124 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-10-31 | 100,000 | $39.42 | 1,278,124 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (Right to buy) | Disposition | 2023-10-31 | 100,000 | $15.23 | 100,000 | $15.23 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2018-05-21 | 2023-10-31 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 179,140 | Indirect | Trust |
| Common Stock | 167,290 | Indirect | Trust |
| Common Stock | 167,290 | Indirect | Trust |
Footnotes
- Includes 109,378 Restricted Stock Units.
- Includes 9,241 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
- This transaction was executed in multiple trades at prices ranging from $38.64 to $40.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transition was affected.
- Jay S. Sidhu, A/K/A Jashpinder S. Sidhu, FBO Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, and Descendants Irrevocable Trust.
- Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 1
- Sherry K. Sidhu, A/K/A Pushpinder K. Sidhu, Family Trust No. 2.
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