Cunningham Lyle 4

What Happened

• Lyle Cunningham, Chief Banking Officer of Customers Bancorp (CUBI), had 402 shares withheld to satisfy tax withholding related to the vesting of previously issued restricted stock. The shares were valued at $70.95 each for a total of $28,522. This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-04-01
• Price per share: $70.95; Shares withheld/disposed: 402; Total value: $28,522
• Transaction code: F — shares withheld for tax withholding upon vesting
• Shares owned after the transaction: not specified in the filing
• Footnotes: F1 notes the shares were withheld for taxes on vesting; F2 states holdings include 18,631 Restricted Stock Units
• Filing timeliness: Report filed 2026-04-03 for a 2026-04-01 transaction — filed within the standard 2-business-day window

Context

• This was a routine tax-withholding event tied to RSU vesting (a common “cashless” mechanism where the company retains shares to cover taxes). It is not an open-market sale and therefore is typically not interpreted as a discretionary insider sell signal.