secwatch.observer — SEC 8-K summary
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Issuer:     PIPER SANDLER COMPANIES (PIPR)
CIK:        0001230245
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0001104659-23-018648
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1230245/000110465923018648/0001104659-23-018648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1230245/000110465923018648/tm235681d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-018648

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer