Form 4: Piper Sandler Director Philip Soran Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Philip Soran reports acquiring and disposing of Piper Sandler Companies common stock due to dividend equivalents reinvested in phantom stock.
Summary
- On September 13, 2024, Philip Soran, a director of Piper Sandler Companies, reported changes in beneficial ownership of the company's common stock.
- Soran acquired 45 shares of common stock at $0 due to dividend equivalents reinvested in additional shares of phantom stock.
- Soran also disposed of 18,386 shares of common stock.
- Following the reported transactions, Soran beneficially owns 18,386 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in stock ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of transaction: acquisition and disposal of common stock. |
| 09/16/2024 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.