Philip Watkins, EVP and Head of Corporate Development and Investor Relations at Customers Bancorp, Inc., filed a Form 4 on November 4, 2026, reporting option exercise and open-market share sale transactions dated November 2, 2026.

Key Highlights

  • Option exercise: Watkins exercised employee stock options to acquire 2,000 shares of common stock at an exercise price of $28.37 per share on November 2, 2026.
  • Open-market sale: Watkins disposed of 5,500 shares of common stock at a weighted average price of $86.168 per share on the same date.
  • Sale price range: According to the filing, the sale was executed in multiple trades at prices ranging from $86.0701 to $86.22.
  • Remaining holdings: Following both transactions, Watkins directly held 41,102 shares of common stock, including 10,857 restricted stock units.
  • Remaining options: Watkins retains 18,000 employee stock options with an exercise price of $28.37, exercisable from February 24, 2026, and expiring February 24, 2031.
  • Signing authority: The form was signed by Andrew Sachs under a power of attorney on behalf of Philip Watkins.

Watkins Option Exercise and Share Sale at Customers Bancorp

According to the Form 4 filed with the SEC on November 4, 2026, Philip Watkins, identified in the filing as EVP and Head of Corporate Development and Investor Relations at Customers Bancorp, Inc. (NYSE:CUBI), reported two transactions in the company's common stock, both dated November 2, 2026. The first was a code-M transaction, reflecting the exercise of employee stock options covering 2,000 shares at an exercise price of $28.37 per share, which were acquired as a result. The options exercised had an exercise date of February 24, 2026, and an expiration date of February 24, 2031.

The second transaction was a code-S disposition, in which Watkins sold 5,500 shares of common stock at a reported weighted average sale price of $86.168 per share. The filing notes the sale was carried out in multiple trades at prices ranging from $86.0701 to $86.22, and states that Watkins "undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transition was affected."

After both transactions, the filing reports that Watkins directly owned 41,102 shares of common stock, a figure that the filing notes includes 10,857 restricted stock units. Additionally, Watkins retains 18,000 employee stock options at the $28.37 exercise price, held directly, with the same February 24, 2031 expiration date as the exercised options.

What Was Disclosed

The filing disclosed an option exercise of 2,000 shares and an open-market sale of 5,500 common shares by Customers Bancorp EVP Philip Watkins on November 2, 2026, leaving him with a direct beneficial ownership of 41,102 shares, including 10,857 restricted stock units.