Form 4: Ann C. Gallo, Director at Piper Sandler Companies, Acquires 100 Shares of Phantom Stock

Director Ann C. Gallo acquired 100 shares of phantom stock in Piper Sandler Companies by deferring director fees.

Summary

• On March 31, 2025, Ann C. Gallo, a director at Piper Sandler Companies, acquired 100 shares of phantom stock.
• This acquisition resulted from the deferral of quarterly director cash retainer fees.
• The phantom stock will be payable in common stock upon termination of Gallo's service as a director, specifically on the last day of the year of termination.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating a director's compensation in the form of phantom stock, which is neither particularly positive nor negative. It reflects standard corporate governance practices.

Future Outlook

The phantom stock will be payable in common stock on the last day of the year in which the reporting person's service as a director terminates.

Industry Context

Form 4 filings are standard practice for company insiders (directors, officers, and 10% owners) to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The acquisition of phantom stock by a director aligns her interests with those of the shareholders, as the value of the stock is tied to the company's performance.

Key Dates

Keywords

Form 4, Piper Sandler Companies, Director, Phantom Stock, Beneficial Ownership, Securities