Form 4: AppFolio CEO William Shane Trigg Reports Stock Withholding for Tax Obligations
SEC Form 4 Filing
AppFolio's CEO, William Shane Trigg, had shares withheld by the company to cover tax obligations related to vesting restricted stock units.
Summary
- On August 10, 2024, AppFolio CEO William Shane Trigg had Class A Common Stock withheld by the issuer, AppFolio, to cover tax obligations.
- These obligations arose from the vesting of performance-based and time-based restricted stock units (RSUs).
- The RSUs were previously granted to Mr. Trigg under the company's 2015 Stock Incentive Plan on various dates including December 13, 2021, January 25, 2023, March 1, 2023 and January 24, 2024.
- A total of 4,112 shares were withheld at a price of $213.92 per share.
- Following these transactions, Mr. Trigg directly owns 85,200 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| December 13, 2021 | Date of initial grant of performance-based and time-based restricted stock units (RSUs) pursuant to the Issuer's 2015 Stock Incentive Plan. |
| January 25, 2023 | Date of initial grant of performance-based restricted stock units (RSUs) pursuant to the Issuer's 2015 Stock Incentive Plan. |
| March 1, 2023 | Date of initial grant of time-based restricted stock units (RSUs) pursuant to the Issuer's 2015 Stock Incentive Plan. |
| January 24, 2024 | Date of initial grant of time-based restricted stock units (RSUs) pursuant to the Issuer's 2015 Stock Incentive Plan. |
| August 10, 2024 | Date of stock withholding to cover tax obligations related to vesting RSUs. |
| August 13, 2024 | Date of Form 4 filing. |
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