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Asset Management

Piper Sandler Companies Executive Compensation (FY25)

PIPR · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 21, 2026
237 figures on this page: 226 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Total compensation for Chad Abraham, Chairman and CEO, came to $11,030,039 in fiscal 2025, and Abraham's total moved 30.9% higher from the $8,426,742 reported for fiscal 2024. For fiscal 2025, the company reported a chief executive pay ratio of 49:1, against median employee compensation of $227,702. For fiscal 2025, shareholders backed the say-on-pay proposal with 99.0% of votes cast for or against in favor at the meeting held May 20, 2026. The disclosed peer group names Canaccord Genuity Group Inc., Evercore Partners Inc., FTI Consulting, Inc., Houlihan Lokey, Inc. and Jefferies Financial Group Inc., among others.
Chief executive, fiscal 2025
◇
Chad Abraham
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Chad Abraham: $8,426,742 → $11,030,039 (30.9% higher)
Say-on-pay support: 98.5% → 99.0% (0.5 points higher)
CEO pay ratio: 51:1 → 49:1 (3.9% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Piper Sandler Companies' chief executive and what were they paid?
Total compensation for Chad Abraham, Chairman and CEO, came to $11,030,039 in fiscal 2025. Abraham's total moved 30.9% higher from the $8,426,742 reported for fiscal 2024.
What was Piper Sandler Companies' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 99.0% of votes cast for or against in favor at the meeting held May 20, 2026.
Which companies are in Piper Sandler Companies' peer group?
The disclosed peer group names Canaccord Genuity Group Inc., Evercore Partners Inc., FTI Consulting, Inc., Houlihan Lokey, Inc. and Jefferies Financial Group Inc., among others.
What is Piper Sandler Companies' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 49:1, against median employee compensation of $227,702.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Chad Abraham
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Jonathan Doyle
Vice Chairman and Head of Financial Services Group
◇—◇—◇—◇◇
Tim Carter
Chief Financial Officer
◇◇◇—◇——◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Chad Abraham
Chief Executive Officer
◇◇◇◇——◇◇
Jonathan Doyle
Vice Chairman and Head of Financial Services
◇◇◇———◇◇
Michael Dillahunt
Global Co-Head of Investment Banking and Capital Markets
◇◇◇———◇◇
James Baker
Global Co-Head of Investment Banking and Capital Markets
◇◇◇———◇◇
Timothy Carter
Former CFO
Departed during or after this year
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Chad Abraham
Chairman and CEO
◇◇◇———◇◇
Jonathan Doyle
Vice Chairman and Head of Financial Services
◇◇◇———◇◇
James Baker
Global Co-Head of Investment Banking and Capital Markets
◇◇◇———◇◇
Michael Dillahunt
Global Co-Head of Investment Banking and Capital Markets
◇◇◇———◇◇
Katherine Clune
CFO
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Chad Abraham
Chairman and CEO
◇—◇—◇—◇◇
Jonathan Doyle
Vice Chairman and Head of Financial Services
◇◇◇———◇◇
James Baker
Global Co-Head of Investment Banking and Capital Markets
◇◇◇———◇◇
Michael Dillahunt
Global Co-Head of Investment Banking and Capital Markets
◇◇◇———◇◇
Katherine Clune
CFO
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Chad R. AbrahamRSU◇——◇——◇
Chad R. AbrahamPSU◇◇◇—◇—◇
James P. BakerPSU◇◇◇—◇—◇
James P. BakerRSU◇——◇——◇
Jonathan J. DoylePSU◇◇◇—◇—◇
Jonathan J. DoyleRSU◇——◇——◇
Katherine P. ClunePSU◇◇◇—◇—◇
Katherine P. CluneRSU◇——◇——◇
Michael R. DillahuntPSU◇◇◇—◇—◇
Michael R. DillahuntRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Katherine ClunePSU◇◇——
RSU◇◇——
Chad AbrahamRSU◇◇——
Option◇—◇—
PSU◇◇——
James BakerRSU◇◇——
PSU◇◇——
Jonathan DoyleRSU◇◇——
PSU◇◇——
Michael DillahuntPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas S. Schreier
Lead independent director
◇◇———◇◇
Scott C. Taylor
◇◇———◇◇
Robbin Mitchell
◇◇———◇◇
Brian R. Sterling
◇◇———◇◇
Philip E. Soran
◇◇———◇◇
Victoria M. Holt
◇◇———◇◇
Ann C. Gallo
◇◇————◇
Sherry M. Smith
◇◇————◇
William R. Fitzgerald
◇—————◇
Jonathan J. Doyle, Chad R. Abraham and Stuart M. Essig served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Compensation committee chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Canaccord Genuity Group Inc. symbol not shown
  • Evercore Partners Inc. EVR
  • FTI Consulting, Inc. FCN
  • Houlihan Lokey, Inc. HLI
  • Jefferies Financial Group Inc. JEF
  • Lazard Ltd. LAZ
  • Moelis & Co. MC
  • Oppenheimer Holdings Inc. OPY
  • Perella Weinberg Partners PWP
  • PJT Partners, Inc. PJT
  • Stifel Financial Corp. SF

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021May 6, 2022=◇◇◇
2020May 21, 2021=◇◇◇
2019May 15, 2020=◇◇◇
2018May 17, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 11, 2017=◇◇◇
2015May 4, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Piper Sandler Companies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Piper Sandler Companies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
237 figures on this page: 226 cited to the filing that reported them, 11 calculated from figures it prints.
226 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001230245-26-000025
  2. 0001104659-26-041101
    CEO Pay Ratio · Grants of Plan-Based Awards · Non-Employee Director Compensation for 2025 · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0001230245-25-000086
  4. 0001104659-25-033910
    Summary Compensation Table
  5. 0001230245-24-000090
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-046556
    Summary Compensation Table
  7. 0001104659-23-062270
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104659-23-042218
    Summary Compensation Table
  9. 0001230245-22-000074
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001230245-21-000069
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001230245-20-000091
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001104659-19-030568
  13. 0001230245-18-000063
  14. 0001230245-17-000083
  15. 0001230245-16-000242
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Velarion, “Piper Sandler Companies executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PIPR (accessed 2026).
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers Piper Sandler Companies discloses

The companies named in PIPR's own disclosed peer group.

Evercore Partners Inc.Houlihan Lokey, Inc.Jefferies Financial Group Inc.Lazard Ltd.Moelis & Co.Perella Weinberg PartnersPJT Partners, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy