Form 4: Piper Sandler Director Brian R. Sterling Acquires Phantom Stock Through Deferred Fees

Director Brian R. Sterling acquired 89 shares of phantom stock in Piper Sandler Companies by deferring quarterly director cash retainer fees.

Summary

• Brian R. Sterling, a director at Piper Sandler Companies, acquired 89 shares of phantom stock on September 30, 2024.
• This acquisition resulted from the director's election to defer receipt of quarterly director cash retainer fees.
• The phantom stock will be payable in common stock on the last day of the year in which Sterling's service as a director terminates.
• Following the transaction, Sterling beneficially owns 24,443 shares of common stock directly.

Sentiment

Score: 5

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

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 reporting changes in beneficial ownership by company insiders, such as directors and officers, providing transparency to investors.

Key Dates