Velasquez Jessie John Deano 4

What Happened

• Jessie John Deano Velasquez, Chief Accounting Officer of Customers Bancorp (CUBI), received a grant of 1,206 restricted stock units (RSUs) on 2026-03-13 at a reported price of $64.72 per share (total value $78,052).
• To satisfy tax withholding obligations related to vesting, 169 shares were withheld on 2026-03-14 ($10,938) and 134 shares were withheld on 2026-03-15 ($8,672), for a total of 303 shares withheld ($19,610).
• Net shares delivered from this grant = 1,206 − 303 = 903 shares (approx. $58,442 at $64.72/share).

Key Details

• Transaction dates & prices: Grant 3/13/2026 — 1,206 RSUs @ $64.72 ($78,052); Tax withholding 3/14/2026 — 169 shares @ $64.72 ($10,938) and 3/15/2026 — 134 shares @ $64.72 ($8,672).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 notes the securities are an RSU grant under the 2025 Bonus Incentive; F3 confirms shares were withheld for taxes upon vesting. The filing also references additional RSU counts (footnotes listing 4,860; 4,276; 3,806 RSUs).
• Filing: Form 4 filed 2026-03-17 reporting transactions from 2026-03-13 to 03-15. (No late-filing status asserted in the provided summary.)

Context

• This was a compensation award (RSU grant), not an open-market buy or sale. Withholding shares to cover taxes is a routine administrative step and does not necessarily indicate buying or selling sentiment.
• For retail investors, RSU grants indicate company compensation to executives; the net shares received reflect actual dilution/ownership change after tax withholding.