Form 4: William R. Fitzgerald Reports Acquisition of Piper Sandler Companies Stock

Director William R. Fitzgerald acquired 337 shares of Piper Sandler Companies common stock through dividend reinvestment.

Summary

• On March 14, 2025, William R. Fitzgerald, a director of Piper Sandler Companies, acquired 337 shares of common stock.
• The acquisition was a result of dividend equivalents being reinvested in additional shares of phantom stock.
• The price per share was $0.
• Following the transaction, Fitzgerald directly owns 25,455 shares of Piper Sandler Companies common stock.
• These phantom shares accrue to the reporting person's account in the directors' deferred compensation plan.
• The shares of phantom stock become payable, in an equal number of shares of common stock, on the last day of the year in which the reporting person's service as a director terminates.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a director's stock acquisition through dividend reinvestment, indicating a neutral sentiment.

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 impact on stakeholders as it involves a small number of shares acquired through dividend reinvestment.

Key Dates