Customers Bancorp, Inc. officer Philip Watkins sells $473,924 in shares
An open-market sale on Nov 2, reported to the SEC on Nov 4, not marked as part of a 10b5-1 plan.
An officer at Customers Bancorp, Inc., Philip Watkins, sold 5,500 shares of the company's stock on the open market on Nov 2. The sale, at an average of $86.17 a share, comes to about $470,000.
The Form 4 does not tick the Rule 10b5-1 box: the sale is not reported as part of a pre-arranged trading plan. Three Customers Bancorp, Inc. insiders sold on the open market within 14 days, a pattern known as a cluster sell.
The sale reduces the insider's holding by 12%, to 41,102 shares. The trade was reported within two business days, as Section 16 requires.
Details from the SEC filing:
| Company | Customers Bancorp, Inc. (CUBI) |
|---|---|
| Insider | Philip Watkins |
| Role | EVP, Head of Corp Devel & IR |
| Transaction | Open-market sale (code S) |
| Shares | 5,500 |
| Average price | $86.17 |
| Value | $473,924 |
| Trade date | Nov 2, 2026 |
| Filed with the SEC | Nov 4, 2026, 5:16 PM ET |
| Shares held after | 41,102 |
| Ownership | Direct |
| Rule 10b5-1 plan | Not marked in the filing |
See the detailed report on this CUBI sale
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Source: SEC Form 4. Information only, not investment advice. Not affiliated with or endorsed by the U.S. Securities and Exchange Commission.
