[Form 4] PIPER SANDLER COMPANIES Insider Trading Activity
Scott C. Taylor, a director of Piper Sandler Companies (PIPR), reported a non-cash acquisition of phantom stock dividend equivalents under the directors' deferred compensation plan on 09/12/2025. The Form 4 shows a transaction coded as an acquisition (Code A) under rule 17(1) with a reported price of $0. Following the reported transaction, Mr. Taylor beneficially owned 16,336 shares (listed as direct ownership). The filing explains that dividend equivalents on phantom stock are reinvested as additional phantom shares that accrue to the director's account and convert into an equal number of common shares on the last day of the year in which the director's service terminates.
Scott C. Taylor, direttore delle Piper Sandler Companies (PIPR), ha riferito l'acquisizione non monetaria di equivalenti di dividendi su azioni fantasma nell'ambito del piano di compensazione differita per i membri del consiglio in data 12/09/2025. Il Modulo 4 mostra una transazione codificata come acquisizione (Codice A) secondo la regola 17(1) con un prezzo riportato di 0 dollari. Dopo la transazione riportata, il signor Taylor deteneva beneficiariamente 16.336 azioni (indicate come proprietà diretta). Il deposito spiega che gli equivalenti di dividendi su azioni fantasma vengono reinvestiti come ulteriori azioni fantasma che si accumulano sul conto del direttore e si trasformano nel medesimo numero di azioni ordinarie nell'ultimo giorno dell'anno in cui termina il servizio del direttore.
Scott C. Taylor, director de Piper Sandler Companies (PIPR), informó sobre la adquisición no monetaria de equivalentes de dividendos de acciones fantasma bajo el plan de compensación diferida para directores, el 12/09/2025. El Formulario 4 muestra una transacción codificada como adquisición (Código A) conforme a la regla 17(1) con un precio reportado de 0 dólares. Tras la transacción reportada, el Sr. Taylor poseía beneficiariamente 16,336 acciones (listadas como propiedad directa). El documento explica que los equivalentes de dividendos sobre acciones fantasma se reinvierten como acciones fantasma adicionales que se acumulan en la cuenta del director y se convierten en un número igual de acciones comunes en el último día del año en que finaliza el servicio del director.
스콧 C. 테일러, 파이퍼 샌들러 컴퍼니즈(PIPR)의 이사는 2025년 9월 12일 이사 보상 계획에 따라 팬텀 주식 배당 등가물의 현금이 아닌 취득을 보고했습니다. Form 4는 규칙 17(1)에 따른 취득(Code A)으로 코딩된 거래를 가격 0달러로 보고했습니다. 보고된 거래 이후 테일러 씨는 (직접 소유로 기재된) 16,336주를 실질적으로 보유하게 되었습니다. 제출 문서는 팬텀 주식의 배당 등가물이 추가 팬텀 주식으로 재투자되어 이사가 계좌에 축적되고 이사가 서비스 종료되는 해의 마지막 날에 동일한 수의 일반 주식으로 전환된다고 설명합니다.
Scott C. Taylor, administrateur des Piper Sandler Companies (PIPR), a déclaré une acquisition non monétaire d’équivalents de dividendes d’actions fantômes dans le cadre du plan de rémunération différée des administrateurs, le 12/09/2025. Le Formulaire 4 indique une transaction codée comme acquisition (Code A) selon la règle 17(1) avec un prix déclaré de 0 $. Suite à cette transaction, M. Taylor détenait bénéficiairement 16 336 actions (énumérées comme propriété directe). Le dépôt explique que les équivalents de dividendes sur les actions fantômes sont réinvestis comme des actions fantômes supplémentaires qui s’accumulent sur le compte du directeur et se transforment en un nombre égal d’actions ordinaires le dernier jour de l’année au cours de laquelle le service du directeur prend fin.
Scott C. Taylor, Direktor der Piper Sandler Companies (PIPR), meldete am 12.09.2025 eine nicht cashbasierte Akquisition von Phantom-Stock-Dividendenäquivalenten im Rahmen des Directors' Deferred Compensation Plans. Das Formular 4 zeigt eine Transaktion, die gemäß Regel 17(1) als Erwerb (Code A) codiert ist, mit einem angegebenen Preis von 0 $. Nach der gemeldeten Transaktion besaß Herr Taylor vinkular 16.336 Aktien (als direkte Eigentümerschaft aufgeführt). Die Einreichung erläutert, dass Dividendenäquivalente auf Phantomaktien als zusätzliche Phantomaktien reinvestiert werden, die im Konto des Direktors kumulieren und am letzten Tag des Jahres, in dem der Dienst des Direktors endet, in eine gleich hohe Anzahl von Stammaktien umgewandelt werden.
سكوت سي. تايلور، مدير في شركة باير سايندلر (PIPR)، أبلغ عن استحواذ غير نقدي على مكافئات توزيعات الأرباح لأندية الأسهم الوهمية بموجب خطة التعويض المؤجل للم Directors في 12/09/2025. يظهر النموذج 4 معاملة مُرمَّزة كاستحواذ (الرمز A) بموجب القاعدة 17(1) وبسعر مبلّغ عنه قدره 0 دولار. بعد المعاملة المبلغ عنها، امتلك السيد تايلور فعلياً 16,336 سهماً (مدرجة كملكية مباشرة). توضح المستندات أن مكافئات توزيعات الأرباح على الأسهم الوهمية تُعاد استثمارها كأوراق وهمية إضافية تتراكم في حساب المدير وتتحول إلى عدد متساوٍ من الأسهم العادية في اليوم الأخير من السنة التي ينتهي فيها خدمة المدير.
Scott C. Taylor，Piper Sandler Companies（PIPR）的董事，在2025/09/12就董事的递延报酬计划下报告了一项非现金的虚拟股票股息等价物的取得。 Form 4显示这笔交易按规则17(1)编码为取得（代码A），报告的价格为0美元。该交易后，Taylor先生所有受益地持有16,336股（列为直接所有权）。 文件说明，虚拟股票的股息等价物将再投资为额外的虚拟股，累积到董事的账户，并在董事服务终止的当年最后一天转换为同等数量的普通股。
- Non-cash acquisition disclosed: The Form 4 records a dividend-equivalent reinvestment into phantom stock on 09/12/2025.
- Updated beneficial ownership: The filing reports the reporting person beneficially owns 16,336 shares following the transaction.
- Clear plan mechanics disclosed: The filing explains phantom shares accrue in the directors' deferred compensation plan and convert to common stock upon termination of service.
- None.
Insights
TL;DR: Routine director deferred-compensation reinvestment; disclosure confirms accrual and future conversion mechanics.
The Form 4 documents a standard non-cash reinvestment of dividend equivalents into phantom stock under the directors' deferred compensation plan. The filing explicitly states that phantom shares accrue to the reporting person's account and will be payable in common stock upon termination of director service. The transaction is coded as an acquisition with a reported price of $0, reflecting reinvestment rather than an open-market purchase. From a governance disclosure perspective, this is a routine compensation-related filing rather than an operational or financing event.
TL;DR: Insider reported acquisition increases recorded beneficial ownership to 16,336 shares; transaction arises from dividend-equivalent reinvestment.
The report shows a 09/12/2025 acquisition under Code A and Rule 17(1) with a price of $0, consistent with dividend equivalents being credited as phantom shares. The filing explicitly lists the resulting beneficial ownership as 16,336 shares (direct). The signature block indicates the Form 4 was signed on behalf of the reporting person on 09/15/2025. This disclosure documents compensation-plan mechanics and updates the insider ownership record.
Scott C. Taylor, direttore delle Piper Sandler Companies (PIPR), ha riferito l'acquisizione non monetaria di equivalenti di dividendi su azioni fantasma nell'ambito del piano di compensazione differita per i membri del consiglio in data 12/09/2025. Il Modulo 4 mostra una transazione codificata come acquisizione (Codice A) secondo la regola 17(1) con un prezzo riportato di 0 dollari. Dopo la transazione riportata, il signor Taylor deteneva beneficiariamente 16.336 azioni (indicate come proprietà diretta). Il deposito spiega che gli equivalenti di dividendi su azioni fantasma vengono reinvestiti come ulteriori azioni fantasma che si accumulano sul conto del direttore e si trasformano nel medesimo numero di azioni ordinarie nell'ultimo giorno dell'anno in cui termina il servizio del direttore.
Scott C. Taylor, director de Piper Sandler Companies (PIPR), informó sobre la adquisición no monetaria de equivalentes de dividendos de acciones fantasma bajo el plan de compensación diferida para directores, el 12/09/2025. El Formulario 4 muestra una transacción codificada como adquisición (Código A) conforme a la regla 17(1) con un precio reportado de 0 dólares. Tras la transacción reportada, el Sr. Taylor poseía beneficiariamente 16,336 acciones (listadas como propiedad directa). El documento explica que los equivalentes de dividendos sobre acciones fantasma se reinvierten como acciones fantasma adicionales que se acumulan en la cuenta del director y se convierten en un número igual de acciones comunes en el último día del año en que finaliza el servicio del director.
스콧 C. 테일러, 파이퍼 샌들러 컴퍼니즈(PIPR)의 이사는 2025년 9월 12일 이사 보상 계획에 따라 팬텀 주식 배당 등가물의 현금이 아닌 취득을 보고했습니다. Form 4는 규칙 17(1)에 따른 취득(Code A)으로 코딩된 거래를 가격 0달러로 보고했습니다. 보고된 거래 이후 테일러 씨는 (직접 소유로 기재된) 16,336주를 실질적으로 보유하게 되었습니다. 제출 문서는 팬텀 주식의 배당 등가물이 추가 팬텀 주식으로 재투자되어 이사가 계좌에 축적되고 이사가 서비스 종료되는 해의 마지막 날에 동일한 수의 일반 주식으로 전환된다고 설명합니다.
Scott C. Taylor, administrateur des Piper Sandler Companies (PIPR), a déclaré une acquisition non monétaire d’équivalents de dividendes d’actions fantômes dans le cadre du plan de rémunération différée des administrateurs, le 12/09/2025. Le Formulaire 4 indique une transaction codée comme acquisition (Code A) selon la règle 17(1) avec un prix déclaré de 0 $. Suite à cette transaction, M. Taylor détenait bénéficiairement 16 336 actions (énumérées comme propriété directe). Le dépôt explique que les équivalents de dividendes sur les actions fantômes sont réinvestis comme des actions fantômes supplémentaires qui s’accumulent sur le compte du directeur et se transforment en un nombre égal d’actions ordinaires le dernier jour de l’année au cours de laquelle le service du directeur prend fin.
Scott C. Taylor, Direktor der Piper Sandler Companies (PIPR), meldete am 12.09.2025 eine nicht cashbasierte Akquisition von Phantom-Stock-Dividendenäquivalenten im Rahmen des Directors' Deferred Compensation Plans. Das Formular 4 zeigt eine Transaktion, die gemäß Regel 17(1) als Erwerb (Code A) codiert ist, mit einem angegebenen Preis von 0 $. Nach der gemeldeten Transaktion besaß Herr Taylor vinkular 16.336 Aktien (als direkte Eigentümerschaft aufgeführt). Die Einreichung erläutert, dass Dividendenäquivalente auf Phantomaktien als zusätzliche Phantomaktien reinvestiert werden, die im Konto des Direktors kumulieren und am letzten Tag des Jahres, in dem der Dienst des Direktors endet, in eine gleich hohe Anzahl von Stammaktien umgewandelt werden.
FAQ
What did Scott C. Taylor report on the Form 4 for PIPR?
How many shares does the Form 4 show Scott C. Taylor beneficially owns after the transaction?
Why is the reported price shown as $0 on the Form 4?
When will the phantom shares convert to actual common stock?
Who signed the Form 4 and when?
