Customers Bancorp (CUBI) Director Bernard Bennett Banks Receives 879 Shares

What Happened

• Bernard Bennett Banks, a director of Customers Bancorp (CUBI), was issued 879 shares on 2026-09-15 at an effective price of $78.91 per share, valued at approximately $69,362. This was an award/acquisition (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-09-15 at $78.91 per share (total ≈ $69,362).
• Shares owned after the transaction: not specified in the filing.
• Footnote: the shares were issued in lieu of cash for director compensation for Q3 2026.
• Filing: Form 4 filed 2026-09-17 (appears timely; Form 4 is generally due within two business days).
• Transaction type: Award/Grant (A) — issuance as compensation.

Context

• This is a routine director compensation issuance rather than a market purchase or sale; such awards are common and do not necessarily signal the director’s view on the stock. No 10b5-1 plan, tax-withholding sale, or option exercise was indicated in the filing.