Watkins Philip 4

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.