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

Director Scott C. Taylor reports the acquisition of 140 shares of phantom stock due to deferred director fees.

Summary

• Scott C. Taylor, a director at Piper Sandler Companies, reported a transaction on April 1, 2024.
• Taylor acquired 140 shares of phantom stock as a result of deferring quarterly director cash retainer fees.
• The phantom stock will be payable in common stock upon termination of Taylor's service as a director, specifically on the last day of the year in which his service ends.
• Following the reported transaction, Taylor beneficially owns 17,343 shares of Piper Sandler Companies common stock directly.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. It's a neutral event with no immediate positive or negative implications.

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, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves deferred compensation for a director.

Key Dates