Watkins Philip 4
4 · Customers Bancorp, Inc. · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Customers Bancorp (CUBI) EVP Philip Watkins Sells Shares
What Happened
- Philip Watkins, EVP and Head of Corporate Development at Customers Bancorp (CUBI), sold 3,000 shares in an open-market transaction on May 11, 2026. The weighted-average sale price was $75.67, for proceeds of approximately $227,017. This was a sale (not a purchase), which insiders commonly execute for routine reasons; the filing does not state a change in his ongoing role or ownership intent.
Key Details
- Transaction date: 2026-05-11 (Period of Report: 2026-05-11)
- Transaction type: Sale (open-market/private sale)
- Shares sold: 3,000
- Price(s): weighted average $75.67; individual trades ranged $75.36–$75.84 (filing footnote)
- Proceeds: ~$227,017
- Shares owned after transaction: not specified in the provided excerpt; filing notes holdings "include 15,249 Restricted Stock Units" (footnote)
- Footnotes: F1 notes multiple trades and provides the price range; F2 notes 15,249 RSUs are included in reported holdings
- Timeliness: filing date 2026-05-12 for a 2026-05-11 trade; no late-filing flag provided in the excerpt
Context
- Sales by executives can be routine (diversification, taxes, liquidity) and do not by themselves signal a change in company prospects. This report documents the disposal of existing shares; no option exercise, gift, or award is indicated in this transaction.
Insider Transaction Report
Form 4
Watkins Philip
EVP, Head of Corp Development
Transactions
- Sale
Common Stock
[F1][F2]2026-05-11$75.67/sh−3,000$227,017→ 43,993 total
Footnotes (2)
- [F1]1. This transaction was executed in multiple trades at prices ranging from $75.36 to $75.84. 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.
- [F2]Includes 15,249 Restricted Stock Units.
Signature
/s/ Philip Watkins by Andrew Sachs under Power of Attorney|2026-05-12