Piper Sandler Companies announced that its board of directors has authorized the repurchase of up to $150 million of the company's outstanding common stock. This new authorization is effective immediately and will remain in effect until December 31, 2026.
The share repurchase program is a key component of Piper Sandler's capital allocation strategy, which prioritizes returning capital to shareholders. It also aims to offset the dilutive effect of employee equity-based compensation.
This authorization follows the expiration of the company's previous share repurchase authorization on December 31, 2024, demonstrating a continued commitment to shareholder value and disciplined capital management.
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