CUBI · Customers Bancorp, Inc 5.375% S

Summary

Customers Bancorp, Inc. entered into a Supplemental Executive Retirement Plan effective March 19, 2026, for the benefit of Executive Samvir Sidhu, superseding the prior plan dated May 3, 2021. The Plan provides supplemental nonqualified pension benefits including a $600,000 annual Normal Retirement Benefit payable monthly for life at age 65, with vesting schedules, Change in Control protections, and forfeiture provisions for Cause.

Key takeaways

• Entered into Supplemental Executive Retirement Plan for Samvir Sidhu on March 19, 2026
• Supersedes prior plan adopted May 3, 2021
• Normal Retirement Benefit: $600,000 annual ($50,000 monthly) commencing at age 65 for lifetime
• Early Termination/Disability vesting: 20% after 6 years, 40% after 7, 60% after 8, 80% after 9, 100% after 10 years of employment
• Change in Control Benefit: full vesting in Normal Retirement Benefit if separated within 12 months post-CIC except for Cause
• Includes Clawback, Noncompete, Non-Disclosure, Non-Solicitation provisions and forfeiture for Cause