TAYLOR SCOTT C 4
4 · PIPER SANDLER COMPANIES · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Piper Sandler Director Scott C. Taylor Receives 161-Share Award
What Happened
- Scott C. Taylor, a director of Piper Sandler Companies (PIPR), was credited with an award of 161 shares (phantom stock) on March 13, 2026. The reported acquisition price is $0.00, so there was no cash purchase; this is a compensation award (transaction code A).
Key Details
- Transaction date: 2026-03-13; reported price per share: $0.00 (total immediate cash value $0).
- Filing date: 2026-03-16 (filed timely).
- Shares owned after the transaction: not specified in the filing.
- Footnote: Dividend equivalents on these phantom shares are reinvested as additional phantom shares; the phantom shares accrue in the directors' deferred compensation plan and convert to an equal number of common shares on the last day of the year in which the director’s service terminates.
Context
- These were phantom-share awards under a deferred compensation arrangement, not an open-market purchase or sale. Such grants are routine director compensation and do not by themselves signal a buy/sell decision by the insider. The award becomes actual common stock only upon the triggering event described in the footnote (service termination).
Insider Transaction Report
Form 4
TAYLOR SCOTT C
Director
Transactions
- Award
Common Stock
[F1]2026-03-13+161→ 16,513 total
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.
Signature
/s/ James Grant for Scott C. Taylor|2026-03-16