SCHREIER THOMAS S JR 4

What Happened

Thomas S. Schreier Jr., a director of Piper Sandler Companies (PIPR), was awarded 1,875 shares on May 20, 2026. The Form 4 reports the acquisition as an award/grant (transaction code A) at a reported price of $0.00, giving a nominal reported transaction value of $0.

Key Details

• Transaction date: May 20, 2026; Form 4 filed May 21, 2026 (appears timely under the 2-business-day rule).
• Transaction type/code: Grant/Award (A).
• Shares acquired: 1,875; reported price per share: $0.00; reported cash value: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes/flags: None provided in the excerpt (no 10b5-1, tax withholding, or late-file indicators shown).

Context

Equity awards reported as $0 often represent compensation grants (e.g., restricted stock or similar awards) rather than market purchases. Such grants may be subject to vesting or other restrictions; they are a routine part of director compensation and do not by themselves signal a buy or sell decision. For more detail on vesting or plan terms, check Piper Sandler’s proxy statement or related filings.