PIPER SANDLER COMPANIES — Director's Dealing 2021

Mar 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIPER SANDLER COMPANIES (PIPR)
CIK: 0001230245
Period of Report: 2021-02-25

Reporting Person: LaRue R Scott (Co-Head Global IB and Cap Mkts)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-25	Common Stock	A	10386	—	Acquired	19237	Direct
2021-02-25	Common Stock	F	5129	—	Disposed	14108	Direct
2021-02-25	Common Stock	G	5257	—	Disposed	8851	Direct
2021-02-25	Common Stock	G	5257	—	Acquired	51732	Indirect

Footnotes

F1: Each performance share unit represented a contingent right to receive one share of PIPR common stock. The performance share units vested 50% based on attaining certain levels of adjusted return on equity and 50% based on relative total shareholder return within a group of peer companies, both as measured from January 1, 2018 through December 31, 2020.

F2: The reporting person made a bona fide gift to a revocable living trust as described in note 3 below.

F3: The shares are held through a revocable living trust, of which the reporting person is trustee and both the reporting person and the reporting person's spouse are beneficiaries.