Piper Sandler (PIPR) Director Wendy Schoppert Receives 1,396-Share Award

What Happened
Wendy Lee Schoppert, a director of Piper Sandler Companies (PIPR), received an award of 1,396 shares on September 22, 2026. The transaction is reported as an acquisition under code "A" (grant/award) and shows an acquisition price of $0.00 (i.e., the shares were granted rather than purchased for cash).

Key Details

• Transaction date: 2026-09-22; Filing date: 2026-09-23 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 1,396; reported price: $0.00 (no cash purchase).
• Shares owned after transaction: not provided in the information supplied.
• No 10b5-1 plan, tax-withholding, or other footnotes were reported in the excerpt provided.

Context
An "A" code award typically reflects a compensation or retention grant (e.g., restricted stock or RSUs) rather than an open-market purchase. Such grants represent insider acquisition of company stock but do not necessarily indicate the director bought shares with personal cash. This was a timely Form 4 filing and does not appear to be a late report.