Customers Bancorp CUBI Chief Banking Officer Lyle Cunningham Receives Award

What Happened Lyle Cunningham (Chief Banking Officer) was granted 5,795 restricted stock units (RSUs) on 2026-03-13 at an imputed value of $64.72 per share, totaling $375,052. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-13; 5,795 RSUs at $64.72 each (total $375,052).
• Filing date / report period: Form 4 filed 2026-05-28 reporting the 2026-03-13 grant.
• Grant contingency: The RSU grant was contingent on shareholder approval of an amendment to the 2019 Stock Incentive Plan; that approval was obtained May 26, 2026 (footnote F1).
• Ownership note: Filing states it "includes 19,815 Restricted Stock Units" (footnote F2). The Form 4 does not list a clear total shares-owned-after number in the summary provided here.
• Timeliness: The Form 4 was filed well after the reported grant date (filed May 28 for a March 13 grant), so this filing appears late relative to the typical two-business-day reporting requirement.

Context This was an award of RSUs (compensation), not a market purchase or sale. Awards are common for executive pay and do not by themselves indicate a buy/sell signal. The grant was contingent on shareholder approval that was later obtained, which explains the delayed issuance and reporting timing.