Shareholders approve 2019 Stock Plan amendment; executives receive RSU/PBRSU grants

Customers Bancorp, Inc.

Shareholders approved 750k share increase in 2019 Stock Incentive Plan, total authorized to 4,070,325.
Short-term RSU grants to named executives totaling 44,384 RSUs, vesting over 3 years, contingent on approval.
Long-term incentive grants: 15,043 time-based RSUs and 22,563 PBRSUs to Jay Sidhu, Sam Sidhu, and Mark McCollom.
PBRSUs vest on 3rd anniversary based on relative TSR, ROACE, and NPAs/Assets performance metrics.
Advisory say-on-pay proposal passed with 19.2M for, 9.1M against; all director nominees elected.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Customers Bancorp, Inc. shareholders approved Approval of amendment to the Company's 2019 Stock Incentive Plan at the 2026-05-26 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2026-05-26

Exact text from the filing

4. To approve an amendment to the Company’s 2019 Stock Incentive Plan. FOR AGAINST ABSTAIN BROKER NON-VOTES 19,725,308 8,530,617 271,068 2,052,252

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Customers Bancorp, Inc. shareholders approved Advisory vote on named executive officer compensation at the 2026-05-26 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2026-05-26

Exact text from the filing

3. To approve, on an advisory basis, our named executive officer compensation. FOR AGAINST ABSTAIN BROKER NON-VOTES 19,160,697 9,059,302 306,994 2,052,252

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Customers Bancorp, Inc. shareholders approved Election of three Class III directors of the Company at the 2026-05-26 meeting.

Proposal: director election
Outcome: passed
Meeting: 2026-05-26

Exact text from the filing

1. To elect the following three Class III directors of the Company. FOR WITHHELD BROKER NON-VOTES Susan D. Looney 27,828,079 5,488 2,052,252 Dalton T. Sirmans 27,978,026 5,488 2,052,252 Steven J. Zuckerman 26,212,146 6,041 2,052,252

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Customers Bancorp, Inc. shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm at the 2026-05-26 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2026-05-26

Exact text from the filing

2. To ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm of the Company for the fiscal year ending December 31, 2026. FOR AGAINST ABSTAIN 30,414,702 97,912 66,631 There were no broker non-votes on the proposal.

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Customers Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001488813-26-000073

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