---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-018648"
form_type: "8-K"
ticker: "PIPR"
cik: "0001230245"
company_name: "PIPER SANDLER COMPANIES"
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T17:36:28.568233+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Piper Sandler grants CEO Chad Abraham special option for 75,000 shares with ~$3.375M value

## Summary
- CEO Chad R. Abraham granted special performance-based non-qualified stock option to purchase 75,000 shares.
- Grant date fair value approximately $3,375,000; exercise price is closing price on grant date plus 10%.
- Vests in equal installments on Feb 15, 2026, 2027, and 2028; option expires Feb 15, 2033.
- Last special option grant to Abraham was in February 2018 upon his promotion to CEO.

## SEC filing metadata
- accession: 0001104659-23-018648
- form_type: 8-K
- ticker: PIPR
- cik: 0001230245
- company_name: PIPER SANDLER COMPANIES
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230245/000110465923018648/0001104659-23-018648-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230245/000110465923018648/tm235681d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-018648
- JSON: https://secwatch.observer/filing/0001104659-23-018648.json
- Plain text: https://secwatch.observer/filing/0001104659-23-018648.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.