ESSIG STUART 4

What Happened

• Stuart Essig, a director of Piper Sandler Companies (PIPR), received an award of 175 shares on 2026-02-04. The reported acquisition price is $0.00, so the transaction value is shown as $0 (transaction code A = award/grant). This is an issuance/award to the insider, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-04; Filing date: 2026-02-05 (appears timely under SEC Form 4 rules).
• Transaction type/code: A (award/grant).
• Shares acquired: 175; Price per share reported: $0.00; total reported cash value: $0.
• Shares owned following the transaction: not specified in the provided filing summary.
• No footnotes, 10b5-1 plan, tax withholding, or late filing indicator were noted in the provided data.

Context

• Awards like this are typically part of director compensation (e.g., restricted stock or RSUs) and may be subject to vesting or transfer restrictions; the filing here does not specify vesting or restrictions.
• Such awards indicate receipt of company stock rather than an open-market investment decision and should be viewed as compensation disclosure rather than a direct buy/sell signal.