Piper Sandler (PIPR) Director Scott C. Taylor Receives 91-Share Award

What Happened Scott C. Taylor, a director of Piper Sandler Companies (PIPR), was granted 91 shares of phantom stock on 2026-09-11. The award was issued at $0.00 per share (transaction type: Award/Grant, code A). These phantom shares were recorded in the company’s directors' deferred compensation plan rather than issued as immediately transferable common stock.

Key Details

• Transaction date and type: 2026-09-11 — Grant/Award (A) of 91 phantom shares at $0.00.
• Reported value: $0.00 at grant (phantom shares, not cash or open-market purchase).
• Shares owned after transaction: not specified in the filing.
• Footnote: Dividend equivalents on the phantom shares are reinvested into additional phantom shares; phantom shares accrue in the deferred compensation account and become 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 that shares were sold or immediately transferable.

Context This grant represents deferred compensation (phantom stock) rather than a purchase of tradable shares. Phantom shares typically do not provide immediate market exposure and are paid out later (here, in common shares upon termination of service), so the award is administrative/compensation-related rather than a direct buy or sell signal.