Gallo Ann C 4
4 · PIPER SANDLER COMPANIES · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Piper Sandler (PIPR) Director Ann Gallo Receives 28-Share Award
What Happened
- Ann C. Gallo, a director of Piper Sandler Companies (PIPR), was granted 28 shares as an award on 2026-03-13. The grant is recorded at $0.00 per share (transaction code A) and represents phantom stock in the company's directors' deferred compensation plan, not an immediate issuance of common stock.
Key Details
- Transaction date: 2026-03-13; Filing date: 2026-03-16 (file appears timely under Section 16 two-business-day rule).
- Transaction type/code: Grant/Award (A); Price: $0.00 per share; Shares granted: 28.
- Shares owned following the transaction: Not disclosed in the filing.
- Footnote: Dividend equivalents paid on phantom shares are automatically reinvested into additional phantom shares. Phantom shares accrue in the deferred compensation account and convert to an equal number of common shares payable on the last day of the year in which the director’s service terminates.
Context
- This was an award of deferred (phantom) stock used for director compensation, not an open-market purchase or sale. Such grants are routine for board compensation and do not necessarily indicate immediate buying or selling sentiment.
Insider Transaction Report
Form 4
Gallo Ann C
Director
Transactions
- Award
Common Stock
[F1]2026-03-13+28→ 1,377 total
Footnotes (1)
- [F1]Dividend equivalents that are paid on shares of phantom stock are deemed reinvested in additional shares of phantom stock as of the payment date. These phantom shares accrue to the reporting person's account in the directors' deferred compensation plan. The shares of phantom stock become payable, in an equal number of shares of common stock, on the last day of the year in which the reporting person's service as a director terminates.
Signature
/s/ James Grant for Ann C. Gallo|2026-03-16