James P. Baker - 24 Feb 2023 Form 4 Insider Report for PIPER SANDLER COMPANIES (PIPR)

Role
Global Co-Head IB and Cap Mkts
Signature
/s/ James Grant for James P. Baker
Issuer symbol
PIPR
Transactions as of
24 Feb 2023
Net transactions value
$0
Form type
4
Filing time
28 Feb 2023, 15:34:56 UTC
Previous filing
17 Feb 2023
Next filing
20 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PIPR Common Stock Award $0 +8,699 +22% $0.000000 48,627 24 Feb 2023 Direct F1
transaction PIPR Common Stock Tax liability $0 -3,424 -7% $0.000000 45,203 24 Feb 2023 Direct
holding PIPR Common Stock 25,699 24 Feb 2023 By Spouse as sole Trustee and Beneficiary for Irrevocable Trust F2
holding PIPR Common Stock 25,699 24 Feb 2023 By Irrevocable Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represented a contingent right to receive one share of PIPR common stock. The performance share units vested 140% overall, with 150% vesting based on attaining certain levels of adjusted return on equity and 130% vesting based on relative total shareholder return within a group of peer companies, both as measured from January 1, 2020 through December 31, 2022.
F2 The shares are held in an irrevocable trust for the benefit of the reporting person's spouse. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F3 The shares are held in an irrevocable trust for the benefit of the reporting person. The reporting person is trustee of the trust.