Banks Bernard Bennett 4
4 · Customers Bancorp, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Customers Bancorp (CUBI) Director Banks Bennett Receives Award
What Happened
Banks Bernard Bennett, a director of Customers Bancorp, received 934 shares of CUBI stock on 2026-03-16 as an award (acquisition) at an effective price of $64.72 per share, valued at approximately $60,448. This was an issuance of shares as compensation, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-16; reported on Form 4 filed 2026-03-17 (timely filing).
- Shares issued: 934; price per share: $64.72; total value ≈ $60,448.
- Transaction type/code: Award/Acquisition (A) — stock issued in lieu of cash for director compensation (Q1 2026) (footnote F1).
- Shares owned after transaction: not specified in the provided filing details.
- No 10b5-1 plan, sale, exercise, or tax-withholding event noted in the transaction details provided.
Context
Receipt of shares as director compensation is a routine, non-market transaction and does not by itself signal buying or selling intent. For retail investors, such awards reflect standard compensation practices for board members rather than a personal investment decision.
Insider Transaction Report
Form 4
Banks Bernard Bennett
Director
Transactions
- Award
Common Stock
[F1]2026-03-16$64.72/sh+934$60,448→ 9,031 total
Footnotes (1)
- [F1]This stock was issued to the reporting person in lieu of cash for director compensation for Q1 2026.
Signature
/s/ Bernard B. Banks by Andrew Sachs Under Power of Attorney|2026-03-17