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. Information only, not investment advice.
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
See more large insider sales · Read the daily insider trading roundup
Source: SEC Form 4. Information only, not investment advice. Not affiliated with or endorsed by the U.S. Securities and Exchange Commission.
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