Piper Sandler (PIPR) director Scott C. Taylor receives 161-share phantom stock grant

Rhea-AI Filing Summary

TAYLOR SCOTT C reported acquisition or exercise transactions in this Form 4 filing.

Piper Sandler Companies director Scott C. Taylor received 161 shares of common stock-equivalent compensation on a grant basis. The award, dated March 13, 2026, carried a per-share price of $0.00, reflecting a non-cash grant rather than an open-market purchase.

According to the deferred compensation plan, dividend equivalents on phantom stock are automatically reinvested into additional phantom shares, which later settle in an equal number of common shares after Taylor’s board service ends. Following this grant, Taylor now directly holds 16,513 shares of common stock, indicating a small, routine increase in his equity-linked position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider TAYLOR SCOTT C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	161	$0.00	--

Holdings After Transaction: Common Stock — 16,513 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TAYLOR SCOTT C

(Last) (First) (Middle)

350 NORTH 5TH STREET, SUITE 1000

(Street)

MINNEAPOLIS MN 55401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PIPER SANDLER COMPANIES [ PIPR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/13/2026		A		161(1)	A	$0	16,513	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

	/s/ James Grant for Scott C. Taylor	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Piper Sandler (PIPR) director Scott C. Taylor report in this Form 4?

Scott C. Taylor reported receiving 161 shares of Piper Sandler common stock-equivalent compensation. The grant came at a price of $0.00 per share and was tied to dividend equivalents reinvested in phantom stock under the directors’ deferred compensation plan.

Was Scott C. Taylor’s Piper Sandler (PIPR) Form 4 transaction an open-market stock purchase?

No. The Form 4 shows a non-cash grant of 161 shares at $0.00 per share. The shares relate to dividend equivalents on phantom stock in a deferred compensation plan, not an open-market purchase of Piper Sandler stock.

How many Piper Sandler (PIPR) shares does Scott C. Taylor hold after this Form 4 transaction?

After the reported grant, Scott C. Taylor directly holds 16,513 shares of Piper Sandler common stock. This reflects a modest increase from the 161-share award credited through reinvested dividend equivalents in the directors’ deferred compensation plan.

What does the footnote in Scott C. Taylor’s Piper Sandler (PIPR) Form 4 explain?

The footnote explains that dividend equivalents on phantom stock are reinvested as additional phantom shares. These phantom shares accumulate in the director’s deferred compensation account and become payable in an equal number of Piper Sandler common shares once the director’s board service ends.

When will the phantom stock in Piper Sandler (PIPR) director Scott C. Taylor’s account be paid out?

The phantom stock, including amounts from dividend equivalents, becomes payable in Piper Sandler common shares on the last day of the year in which Scott C. Taylor’s service as a director ends. Until then, it accrues within the directors’ deferred compensation plan.

How is the 161-share award to Piper Sandler (PIPR) director Scott C. Taylor structured?

The 161-share award represents dividend equivalents reinvested into phantom stock units at $0.00 per share. These units track Piper Sandler common stock and will ultimately convert into the same number of common shares upon the end of Taylor’s board service, under the deferred compensation plan.