Three Customers Bancorp, Inc. insiders sell $9M of stock in 5 days
Open-market sales between Oct 29 and Nov 2, none marked as part of a 10b5-1 plan.
Three insiders at Customers Bancorp, Inc. (CUBI) sold shares on the open market between Oct 29 and Nov 2, a combined $9 million, according to Form 4 filings with the SEC.
Jay S. Sidhu (chair) made the largest sale, $4.37 million at an average of $87.40 a share. The table below lists who sold, when, and at what price.
Three or more insiders selling within 14 days is what Insider Stock Trader labels a cluster sell. None of these filings marks the sale as made under a Rule 10b5-1 trading plan.
Figures come from the Form 4 filed with the SEC; the table lists the open-market rows this article covers.
| Insider | Role | Trade date | Shares | Avg. price | Value | Filing |
|---|---|---|---|---|---|---|
| Jay S. Sidhu | Chair | Oct 29 | 50,000 | $87.40 | $4,370,195 | App · SEC |
| T Lawrence Way | Director | Nov 2 | 49,519 | $83.90 | $4,154,794 | App · SEC |
| Philip Watkins | EVP, Head of Corp Devel & IR | Nov 2 | 5,500 | $86.17 | $473,924 | App · SEC |
| Total | $8,998,913 | |||||
See more details on these CUBI insider trades
Each row of the table links to its Form 4 on SEC.gov.
Read the daily insider trading roundup · Browse the latest insider selling
Source: SEC Form 4. Information only, not investment advice. Not affiliated with or endorsed by the U.S. Securities and Exchange Commission.
