Director Philip Soran (PIPR) defers fees into 345 phantom stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PIPER SANDLER COMPANIES director Philip Soran acquired 345 shares tied to his board compensation. The Form 4 shows an "A" code transaction for 345 shares of Common Stock at a price of $0.00 per share, reflecting a grant or award rather than an open-market purchase.
According to the footnote, Soran elected to defer quarterly director cash retainer fees, which resulted in the accrual of 345 shares of phantom stock to his account. These phantom shares become payable in common stock on the last day of the year in which his service as a director ends. Following this award, his direct holdings total 81,633 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SORAN PHILIP
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 345 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 81,633 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 345 shares
Price per share: $0.00 per share
Total shares after transaction: 81,633 shares
+2 more
5 metrics
Shares acquired
345 shares
Grant/award via deferred director fees on June 30, 2026
Price per share
$0.00 per share
Compensation-related award, not open-market purchase
Total shares after transaction
81,633 shares
Direct holdings following the Form 4 transaction
Acquire transactions
1 transaction
Transaction summary shows one acquisition, no sales
Net buy/sell shares
0 shares
Transaction summary net buy/sell direction neutral
Key Terms
phantom stock, quarterly director cash retainer fees, Common Stock, Grant, award, or other acquisition
4 terms
phantom stock financial
"the accrual to his account of 345 shares of phantom stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
quarterly director cash retainer fees financial
"elected to defer receipt of quarterly director cash retainer fees"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did PIPR director Philip Soran report?
Philip Soran reported an acquisition of 345 shares related to director compensation. The shares arise from deferred quarterly cash retainer fees, structured as phantom stock payable later in common stock.
Was the PIPR Form 4 transaction an open-market stock purchase?
No, the transaction was a compensation-related award, not an open-market purchase. Soran deferred quarterly director cash retainer fees, receiving 345 phantom stock shares credited to his account.
What are Philip Soran’s PIPR holdings after this reported transaction?
After the reported award, Soran directly holds 81,633 shares of Piper Sandler common stock. This total reflects his position following the 345-share compensation-related acquisition disclosed in the filing.
How does the PIPR Form 4 describe the nature of the award?
The Form 4 uses transaction code "A" for a grant or award. The footnote explains Soran elected to defer quarterly director cash retainer fees, resulting in 345 phantom stock shares payable later in common stock.