Piper Sandler (PIPR) director Mitchell Robbin receives 40-share equity award
Rhea-AI Filing Summary
Piper Sandler Companies director Mitchell Robbin reported a compensation-related share award. On the reported date, he acquired 40 shares at a price of $0.00 per share, increasing his directly held common stock to 15,755 shares. According to the disclosure, dividend equivalents on phantom stock are reinvested as additional phantom shares in the directors' deferred compensation plan and will be paid out in an equal number of common shares after his board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 40 shares
Net Buy
1 txn
Insider
Mitchell Robbin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 40 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 15,755 shares (Direct)
Footnotes (1)
- F1. Dividend equivalents that are paid on shares of phantom stock are deemed reinvested in additional shares of phantom stock as of the payment date. These phantom shares accrue to the reporting person's account in the directors' deferred compensation plan. The shares of phantom stock become payable, in an equal number of shares of common stock, on the last day of the year in which the reporting person's service as a director terminates.
Key Figures
Shares acquired: 40 shares
Price per share: $0.00 per share
Shares held after: 15,755 shares
+2 more
5 metrics
Shares acquired
40 shares
Grant, award, or other acquisition of common stock
Price per share
$0.00 per share
Reported transaction price for awarded shares
Shares held after
15,755 shares
Total directly held Piper Sandler common stock after transaction
Transaction code
Code A
Grant, award, or other acquisition classification
Transaction direction
Acquire
Non-derivative acquisition of common stock
Key Terms
Dividend equivalents, phantom stock, directors' deferred compensation plan
3 terms
Dividend equivalents financial
"Dividend equivalents that are paid on shares of phantom stock are deemed reinvested"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
phantom stock financial
"Dividend equivalents that are paid on shares of phantom stock are deemed reinvested"
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.
directors' deferred compensation plan financial
"These phantom shares accrue to the reporting person's account in the directors' deferred compensation plan."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Piper Sandler (PIPR) disclose in Mitchell Robbin’s latest Form 4?
The filing shows director Mitchell Robbin received an acquisition of 40 shares at $0.00 per share. This compensation-related award increased his directly held common stock position to 15,755 shares, reflecting routine director equity compensation rather than an open-market purchase or sale.
How does phantom stock work in Piper Sandler (PIPR)’s director deferred compensation plan?
Dividend equivalents on phantom stock are automatically reinvested into additional phantom shares as of each payment date. These phantom shares accumulate in a director’s deferred compensation account and are ultimately settled in an equal number of Piper Sandler common shares when the director’s board service ends.
Are Mitchell Robbin’s recent Piper Sandler (PIPR) Form 4 transactions open-market buys or sells?
The recorded transaction is classified as a grant, award, or other acquisition rather than an open-market trade. Robbin received 40 shares at $0.00 per share, linked to compensation and phantom stock dividend equivalents, with no reported open-market buying or selling activity in this filing.