SORAN PHILIP 4
4 · PIPER SANDLER COMPANIES · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Piper Sandler Director Soran Philip Receives Award of 1,875 Shares
What Happened
- Soran Philip, a director of Piper Sandler Companies (PIPR), was credited with an award of 1,875 shares on 2026-05-20. The reported acquisition price is $0.00 and the filing shows an accrual of 1,875 shares of phantom stock rather than an immediate issuance of common shares or a cash transaction. This is an award/deferral, not a market purchase or sale.
Key Details
- Transaction date and price: 2026-05-20, Award (code A), 1,875 shares @ $0.00.
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnote: The director elected to defer receipt of his annual equity grant; the 1,875 shares were credited as phantom stock that will be paid in common stock on the last day of the year in which his service as a director terminates.
- Filing timeliness: Period of report 2026-05-20, Form 4 filed 2026-05-21 — appears timely.
Context
- This was a deferral of an equity award (phantom stock accrual). It does not represent an immediate purchase or sale and does not change public float until the phantom shares are paid out as common stock in the future. Such deferrals are commonly used for tax and retirement planning and do not by themselves indicate a change in insider sentiment.
Insider Transaction Report
Form 4
SORAN PHILIP
Director
Transactions
- Award
Common Stock
[F1]2026-05-20+1,875→ 81,082 total
Footnotes (1)
- [F1]The reporting person elected to defer receipt of an annual equity grant of 1,875 shares of common stock resulting in an accrual to his account of 1,875 shares of phantom stock. The shares of phantom stock become payable, in common stock, on the last day of the year in which the reporting person's service as a director terminates.
Signature
/s/ James Grant for Philip E. Soran|2026-05-21