Banks Bernard Bennett 4

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.