Customers Bancorp, Inc. (NYSE:CUBI) EVP and Head of Corporate Development Philip Watkins filed a Form 4 on October 26, 2026, reporting a tax-withholding disposition of common stock that occurred on October 24, 2026.

Key Highlights

  • Shares withheld: 3,332 shares of common stock were disposed of (transaction code F) on October 24, 2026, at a price of $84.54 per share to satisfy tax obligations upon vesting of a previously issued restricted stock award.
  • Remaining ownership: Following the transaction, Watkins beneficially owned 44,602 shares of common stock directly.
  • Restricted Stock Units included: The post-transaction total of 44,602 shares includes 10,857 Restricted Stock Units, according to the filing.
  • Reporting person role: Philip Watkins is identified as EVP, Head of Corporate Development at Customers Bancorp, Inc.
  • Signed by proxy: The form was signed by Andrew Sachs under a Power of Attorney on behalf of Philip Watkins.

Tax Withholding Transaction Details for Philip Watkins at Customers Bancorp

According to the Form 4 filed with the Securities and Exchange Commission, Philip Watkins, Executive Vice President and Head of Corporate Development at Customers Bancorp, Inc. (NYSE:CUBI), reported a single non-derivative transaction on October 24, 2026. The filing discloses that 3,332 shares of common stock were disposed of under transaction code F, which the filing describes as "shares withheld for taxes upon vesting of previously issued restricted stock award."

The price per share at which the shares were withheld for tax purposes was $84.54. Following this transaction, Watkins held a direct beneficial ownership of 44,602 shares of Customers Bancorp common stock. The filing notes that this total includes 10,857 Restricted Stock Units. No indirect ownership positions or derivative securities were reported in this filing.

The Form 4 was filed on October 26, 2026, with the earliest transaction date listed as October 24, 2026. The form was executed by Andrew Sachs under a Power of Attorney on behalf of Philip Watkins. No amendment date was listed, indicating this is an original filing rather than a revision of a prior report.

What Was Disclosed

The filing reports a tax-withholding disposition of 3,332 shares of Customers Bancorp common stock by EVP Philip Watkins at $84.54 per share on October 24, 2026, leaving him with direct beneficial ownership of 44,602 shares, including 10,857 Restricted Stock Units.