Cunningham Lyle 4

What Happened Lyle Cunningham, Chief Banking Officer of Customers Bancorp (CUBI), had 998 shares withheld to cover tax liabilities related to the vesting of previously granted restricted stock. The withholding was recorded at $64.72 per share for a total value of approximately $64,591. This was a tax-withholding event (not an open-market sale) tied to RSU vesting and is generally a routine administrative transaction rather than a directional trade.

Key Details

• Transaction date: 2026-03-15; Filing date: 2026-03-17.
• Withheld: 998 shares at $64.72 each; total value ≈ $64,591.
• Transaction code: F (shares withheld to satisfy tax withholding on vesting).
• Footnote F1: Shares were withheld for taxes upon vesting of a previously issued restricted stock award.
• Footnote F2: The reported holdings include 19,780 Restricted Stock Units (RSUs).
• Shares owned after the withholding were not specified in the provided extract.

Context Withholding shares to cover taxes on vested RSUs is a common, non-market transaction. It reduces the insider’s share count but does not indicate an open-market sale intent; therefore it generally carries less informational weight about management’s view of the company than purchases or intentional sales.