Piper Sandler (NYSE: PIPR) exec logs stock grant and tax share delivery
Rhea-AI Filing Summary
Piper Sandler Companies executive James P. Baker reported equity compensation activity in company stock. He received a grant of 2,364 shares of common stock at no cost. On the same date, 211, 215, and 113 shares were delivered to cover tax withholding obligations, treated as dispositions rather than open-market sales.
After these transactions, Baker directly held 61,692 Piper Sandler common shares. In addition, 25,699 shares are held in an irrevocable trust for his spouse, for which he disclaims beneficial ownership, and 25,699 shares are held in an irrevocable trust for his benefit, both reported as indirect holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,825 shares
Net Buy
6 txns
Insider
Baker James P
Role
Global Co-Head IB and Cap Mkts
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,364 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 211 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 215 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 113 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 61,692 shares (Direct);
Common Stock — 25,699 shares (Indirect, By Spouse as sole Trustee and Beneficiary for Irrevocable Trust);
Common Stock — 25,699 shares (Indirect, By Irrevocable Trust)
Footnotes (2)
- F1. The shares are held in an irrevocable trust for the benefit of the reporting person's spouse. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F2. The shares are held in an irrevocable trust for the benefit of the reporting person. The reporting person is trustee of the trust.
FAQ
What insider transactions did PIPER SANDLER (PIPR) executive James P. Baker report?
James P. Baker reported a grant of 2,364 Piper Sandler common shares and share deliveries for tax withholding. Three dispositions of 211, 215, and 113 shares were used to satisfy tax liabilities, not open-market sales, reflecting routine equity compensation activity.
What does transaction code “A” mean in the PIPER SANDLER (PIPR) Form 4 for James P. Baker?
Transaction code “A” reflects a grant, award, or other acquisition of shares. In this case, Baker received 2,364 common shares as an equity award at a stated price of zero per share, indicating non-cash compensation.
What does transaction code “F” indicate in James P. Baker’s PIPER SANDLER (PIPR) Form 4?
Code “F” represents payment of exercise price or tax liability by delivering securities. Baker’s three F-coded entries show shares delivered to satisfy tax obligations related to equity awards, rather than discretionary buying or selling on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
