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PIPR - Piper Sandler announces $150M stock buyback program
Piper Sandler Companies
Piper Sandler (NYSE:PIPR) on Friday announced a $150M stock repurchase program. The program is effective immediately and will expire on Dec. 31, 2024. The program will be used as part of PIPR's capital allocation strategy, which includes returning capital to shareholders and offsetting the dilutive effect of employee equity-based compensation. This program is in addition to PIPR's existing share repurchase authorization, which expires on Dec. 31, 2023. PIPR has $43M remaining under the existing buyback program.