Abraham Chad R 4

What Happened Chad R. Abraham, CEO, Chairman and a director of Piper Sandler Companies (PIPR), received an award of 4,985 shares on 2026-02-17 (transaction code A, reported acquisition at $0.00). On the same date, 1,080, 689 and 459 shares were disposed (three F transactions) to satisfy tax withholding, totaling 2,228 shares withheld. Net shares received from the award = 4,985 − 2,228 = 2,757 shares. The award is recorded at $0.00 (typical for stock grants/RSUs); the withholding transactions are routine tax-withholding dispositions, not open-market sales.

Key Details

• Date of transactions: 2026-02-17; Form 4 filed 2026-02-19 (timely under the 2-business-day rule).
• Award: 4,985 shares acquired (code A) at $0.00 reported price.
• Withholding: 1,080 + 689 + 459 = 2,228 shares disposed to cover tax liability (code F).
• Net new shares retained: 2,757.
• Shares owned after the transactions: not disclosed in the filing.
• Footnote: These shares are held in a revocable living trust for which the reporting person and spouse are trustees and the reporting person is a beneficiary (F1).
• Filing status: No late filing indicated.

Context This appears to be a standard equity award (e.g., RSUs or similar) with shares withheld to satisfy tax obligations — a common, administrative action that does not by itself signal a buy/sell market view. There was no open-market sale or option exercise reported; the F-code dispositions are tax withholding rather than sales to a third party.