Form 4: Piper Sandler Director Scott C. Taylor Reports Phantom Stock Acquisition

Director Scott C. Taylor of Piper Sandler Companies reports the acquisition of 98 shares of phantom stock due to deferred director fees.

Summary

• Scott C. Taylor, a director at Piper Sandler Companies, filed a Form 4 on October 1, 2024, reporting a transaction on September 30, 2024.
• Taylor acquired 98 shares of phantom stock as a result of deferring quarterly director cash retainer fees.
• These shares will be payable in common stock upon termination of Taylor's service as a director.
• Following the reported transaction, Taylor beneficially owns 18,078 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It's a neutral event with a slightly positive implication for corporate governance.

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

Directors often receive compensation in the form of stock or deferred stock units to align their interests with those of shareholders. This Form 4 filing reflects such a compensation arrangement for a director at Piper Sandler.

Stakeholder Impact

• The transaction aligns the director's interests with shareholders through equity ownership.

Key Dates