Brian R. Sterling - Jun 7, 2024 Form 4 Insider Report for PIPER SANDLER COMPANIES (PIPR)

Role: Director
Signature: /s/ James Grant for Brian R. Sterling
Stock symbol: PIPR
Transactions as of: Jun 7, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/10/2024, 04:24 PM
Previous filing: May 28, 2024
Next filing: Jul 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PIPR	Common Stock	Award	$0	+7	+0.03%	$0.00	24.2K	Jun 7, 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Dividend equivalents that are paid on shares of phantom stock are deemed reinvested in additional shares of phantom stock as of the payment date. 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.

Content

Dividend equivalents that are paid on shares of phantom stock are deemed reinvested in additional shares of phantom stock as of the payment date. 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.