Dillahunt Michael R 4

What Happened

• Michael R. Dillahunt, Global Co-Head of Investment Banking and Capital Markets at Piper Sandler (PIPR), received a grant/award of 2,364 shares on 2026-02-17 (transaction code A). Simultaneously, 3 dispositions labeled as tax withholding (code F) show 309, 308 and 184 shares withheld/disposed (total 801 shares) at $0.00. The awards were reported at $0.00 per share in the filing; the withholding appears to satisfy tax liabilities related to the award, leaving a net of 1,563 shares retained (2,364 − 801).

Key Details

• Transaction date: 2026-02-17 (filed 2026-02-19). Prices reported: $0.00 for award and withholding entries.
• Shares granted: 2,364 (code A). Shares withheld/disposed for taxes: 309, 308, 184 (total 801; code F).
• Net shares retained from this event (based on the filing): 1,563.
• Filing timeliness: Filed within the normal Form 4 window (not marked late).
• Filing notes: Code A = award/grant; code F = payment of exercise price or tax liability (here used for tax withholding). The filing does not list total share ownership after the transaction.

Context

• This appears to be a standard equity award (e.g., RSUs or similar) with shares withheld to cover tax obligations—common and generally administrative in nature rather than a directional buy/sell signal. Because the reported price is $0.00 for the award and withholding entries, no cash purchase occurred.