Sidhu Samvir S. 4

What Happened
Samvir S. Sidhu, CEO and a director of Customers Bancorp (CUBI), had a total of 4,474 shares withheld to satisfy tax withholding on vested restricted stock units (RSUs). On 2026-03-14, 2,418 shares were surrendered at $64.72 each (≈ $156,493), and on 2026-03-15, 2,056 shares were surrendered at $64.72 each (≈ $133,064). The combined cash value of the withheld shares is about $289,557. These were not open-market sales but routine share withholdings to cover tax liabilities (transaction code F).

Key Details

• Transaction dates and prices: 2026-03-14 — 2,418 shares @ $64.72; 2026-03-15 — 2,056 shares @ $64.72.
• Total shares withheld: 4,474; total value ≈ $289,557.
• Transaction code: F — shares withheld for taxes upon vesting (per footnote F1).
• Holdings notes: filing footnotes reference inclusion of Restricted Stock Units (e.g., 266,208 RSUs and 262,457 RSUs) and certain shares held in irrevocable trusts for beneficiaries (footnotes F2–F6).
• Filing: Form 4 was filed on 2026-03-17 reporting the March 14–15 transactions; the filing does not indicate a trading plan (e.g., 10b5-1) or that this was a market sale.

Context
This was a tax-withholding event associated with RSU vesting (common executive compensation handling). It is a routine administrative disposition — not an opportunistic open-market sale — and does not by itself indicate the insider’s market view. For derivative or option exercises, note whether shares are immediately sold; in this case the shares were surrendered to cover tax withholding, effectively a cashless settlement of withholding obligations.