Mackay Robert Neil 4
Research Summary
AI-generated summary
Customers Bancorp (CUBI) Director Mackay Receives 522-Share Award
What Happened
Mackay Robert Neil, a director of Customers Bancorp (CUBI), was issued 522 shares on 2026-06-15 as a director compensation award. The shares were issued at $78.21 per share, for a total value of approximately $40,826. This was an award/grant (acquisition) rather than an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-06-15 — 522 shares issued at $78.21 each.
- Total value: ~$40,826.
- Transaction type/code: Award/Grant (code A on Form 4).
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnote: F1 — shares issued in lieu of cash for director compensation for Q2 2026.
- Filing date: Form 4 filed 2026-06-16 (timely filing).
Context
This was compensation paid to a director, a common non-market transaction that reflects company pay practices rather than a personal buy or sell decision. Such awards are routine and do not necessarily indicate insider sentiment about the stock.