Form 4: Philip Soran Reports Changes in Beneficial Ownership of Piper Sandler Companies Stock

Director Philip Soran deferred receipt of quarterly director cash retainer fees, resulting in the accrual of 126 shares of phantom stock in Piper Sandler Companies.

Summary

• On July 1, 2024, Philip Soran, a director of Piper Sandler Companies, reported a change in beneficial ownership.
• Soran elected to defer receipt of quarterly director cash retainer fees.
• This resulted in the accrual of 126 shares of phantom stock to his account.
• The phantom stock will be payable in common stock on the last day of the year in which Soran's service as a director terminates.
• Following the transaction, Soran beneficially owns 24,125 shares of common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The phantom stock becomes 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 reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership.
• The filing provides transparency regarding director compensation.

Key Dates