Form 4: Brian R. Sterling Reports Phantom Stock Acquisition in Piper Sandler Companies

Director Brian R. Sterling reports the acquisition of 100 shares of phantom stock in Piper Sandler Companies due to deferred director fees.

Summary

• Brian R. Sterling, a director at Piper Sandler Companies, reported a transaction on March 31, 2025.
• He acquired 100 shares of phantom stock as a result of electing to defer quarterly director cash retainer fees.
• The phantom stock will be payable in common stock on the last day of the year his service as a director terminates.
• Following the transaction, Sterling directly owns 24,670 shares of Piper Sandler Companies common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a standard transaction related to director compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The reporting person will receive common stock in the future when their service as a director terminates, based on the accumulated phantom stock.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by a company director.

Key Dates

Keywords

Form 4, Piper Sandler Companies, Brian R. Sterling, Phantom Stock, Director, PIPR, Securities