ESSIG STUART 4

What Happened

• Stuart Essig, a director of Piper Sandler Companies (PIPR), was granted/acquired 1,875 shares on 2026-05-20 under an award/grant (transaction code A). The reported acquisition price is $0.00, so the filing shows no cash paid for these shares.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-21 (appears timely under standard Form 4 rules).
• Shares acquired: 1,875; reported acquisition price: $0.00 (total cash consideration $0).
• Transaction type: Award/Grant (code A) — typically an issuance of shares as compensation or restricted equity rather than an open-market purchase.
• Shares owned after the transaction: not provided in the summary detail you supplied — see the full Form 4 for updated beneficial ownership and any footnotes.
• No indication in the provided data of a 10b5-1 plan, tax withholding, or immediate sale; check the full filing for footnotes or vesting/transfer restrictions.

Context

• Awards (code A) are common forms of compensation for directors and do not necessarily reflect a buy/sell signal; they represent issuance of shares as part of pay or retention programs. For full context (vesting schedule, whether shares are restricted, or impact on total holdings), review the complete Form 4 and related proxy or compensation disclosures.