On March 19, 2026, Customers Bancorp, Inc. announced the establishment of a Supplemental Executive Retirement Plan (the "Plan") for Samvir Sidhu, aimed at providing supplemental nonqualified pension benefits. This Plan is designed to incentivize Sidhu to continue contributing significantly to the company's success. The Plan supersedes a previous retirement plan established for Sidhu in May 2021. The Plan is structured as an unfunded, nonqualified plan, compliant with the Employee Retirement Income Security Act (ERISA) and Section 409A of the Internal Revenue Code. Key features of the Plan include a monthly benefit payment of $50,000 upon Sidhu's separation from service after reaching normal retirement age, with additional provisions for early termination, change in control, disability, and death benefits. The Plan also includes clauses for clawback, non-compete, non-disclosure, and non-solicitation, ensuring that benefits may be forfeited under certain conditions. This strategic move reflects the company's commitment to retaining top executive talent and aligning their interests with long-term company performance.

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