Customers Bancorp Chairman Jay Sidhu sold 60,315 shares in an open-market transaction valued at approximately $4.60 million on May 27, 2026, according to an SEC filing. The sale represented 4.35% of his direct holdings, leaving him with 767,557 directly-held shares and an additional 557,638 shares held indirectly through family-related entities. The transaction occurred at a weighted average price of $76.23, as the stock was returning toward its January high of $82.56. Sidhu's direct holdings have declined by over 51% from the start of the prior year, and recent sale sizes are increasingly constrained by his reduced available share inventory. The company reported strong first-quarter results, with net income available to common shareholders rising to $69.7 million from $9.5 million a year earlier.
Customers Bancorp, Inc.Chairman sold 60,315 shares for $4.6M, reducing holdings by 4.35%, signaling insider selling.