my PIERS do not appear anywhere --- and I do not remember if they started as an escrow and then disappeared when they became LTI
the LT has paid PIERS money to me @ home address via paper chack and the LT paid securities to my accounts and my mail on the PIERS from the LT comes to my home
However - the common and preferred stock escrows do show on my statements -- so I retract my comment on where a check would go
If equity LT payments follow the PIERS it is to my house If equity LT payments follow the statement which says that my broker holds my escrows - it will be to the broker