secwatch.observer — SEC 8-K summary
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Issuer:     Customers Bancorp, Inc. (CUBI)
CIK:        0001488813
Form:       8-K
Filed at:   2026-05-28T21:23:52+00:00
Accession:  0001488813-26-000073
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488813/000148881326000073/0001488813-26-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488813/000148881326000073/cubi-20260526.htm
  HTML page:      https://secwatch.observer/filing/0001488813-26-000073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer