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8-K ·Filed Sep 22, 2026

PIPR

PIPER SANDLER COMPANIES
NEUTRAL
Impact 2/10
Horizonimmediate Processed1mo ago SEC0001230245-26-000034
8-K context-dependent: Items 5.02, 7.01
Actionable Insight • Neutral

Routine board addition with no immediate trading catalyst. Monitor for any future strategic shifts that may be signaled by the new director's committee assignments.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+20d
PIPR ▼ -11.81% at T+20d
NEUTRAL call -11.81% · α vs SPY -11.25% · entry $72.74 → $64.15
Next anchor: T+60d in 7w
Latest observation: T+23 -5.86% FF3 residual α
Entry = T+0 close
Sep 22, 2026
via day close
T+1d
-0.44%
call -0.44% · α +0.28%
$72.42
settled 5w ago
T+5d
-11.03%
call -11.03% · α -9.84%
$64.72
settled 28d ago
T+20d
-11.81%
call -11.81% · α -11.25%
$64.15
settled 7d ago
T+60d
Pending
in 7w

Price Chart

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Executive Summary

Piper Sandler elected Wendy L. Schoppert to its board of directors, effective September 22, 2026, increasing board size from 10 to 11. Ms. Schoppert brings CFO and public board experience from Sleep Number, DaVita, and Fossil Group. This is a routine board appointment with no material financial impact.

Key Facts

  • Wendy L. Schoppert elected to the board effective September 22, 2026
  • Board size increased from 10 to 11 directors
  • Ms. Schoppert appointed to the Audit Committee
  • Compensation includes pro-rated $100,000 annual cash retainer, $60,000 initial equity grant, and pro-rated $150,000 annual equity grant for remainder of FY2026
  • No arrangements or related person transactions in connection with her selection

Financial Impact

Director compensation is standard and immaterial relative to company size — total annualized compensation of approximately $310,000

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001230245-26-000034
Exhibit: exhibit99-wendyschoppertpr.htm0001230245-26-000034
Document: 0001230245-26-000034-index-headers.html0001230245-26-000034
Document: 0001230245-26-000034-index.html0001230245-26-000034
Document: 0001230245-26-000034.txt0001230245-26-000034
5 reports for PIPR
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for PIPR — sortable, filterable
TypeNow
Sep 22, 2026
5w ago
8-K
NEUTRAL ★ 2/10
$72.74awaiting T+60—$65.30 (−10.23%)
Jul 30, 2026
12w ago
8-K
BULLISH ★ 6/10
$76.18 $64.63▼ −15.16%▼ −17.63%$65.30 (−14.28%)
Apr 24, 2026
26w ago
3/A
NEUTRAL ★ 3/10
$86.79 $77.24▼ −11.00%▼ −16.08%$65.30 (−24.76%)
Apr 9, 2026
28w ago
DEFA14A
NEUTRAL ★ 3/10
$83.25 $72.94▼ −12.38%▼ −23.17%$65.30 (−21.56%)
Apr 9, 2026
28w ago
DEFA14A
NEUTRAL ★ 2/10
$83.25 $72.94▼ −12.38%▼ −23.17%$65.30 (−21.56%)
Showing 5 of 5

US Market Status

Market Closed — Opens Wed (< 1m)

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Report published Sep 22, 2026