Piper Sandler Director Victoria Holt Receives 79-Share Award

What Happened Victoria M. Holt, a director of Piper Sandler Companies (PIPR), was credited with 79 shares on 2026-09-11 as an award/acquisition (code A) at an acquisition price of $0.00 (total reported value $0). This entry reflects dividend equivalents credited as phantom stock to her directors' deferred compensation account rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-14.
• Transaction type: Award/Grant (A).
• Shares acquired: 79 phantom shares; price per share reported: $0.00; total reported value: $0.
• Shares owned after the transaction: not specified in the filing.
• Footnote: Dividend equivalents are reinvested as phantom shares in the directors' deferred compensation plan; these phantom shares are payable in an equal number of common shares on the last day of the year in which the director’s service terminates.
• No indication in the filing of a 10b5-1 plan, tax withholding sale, or cashless exercise.

Context This is a compensation-related credit (dividend equivalents converted to phantom shares) typical for non-employee directors and does not represent an open-market purchase or sale. Phantom shares accrue in a deferred account and are generally paid out in stock upon termination of service, so the entry reflects routine director compensation rather than an active trading signal.