Form 4: AppFolio CFO Fay Sien Goon Reports Stock Withholding for Tax Obligations
SEC Form 4 Filing
Fay Sien Goon, CFO of AppFolio Inc., reports the withholding of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On August 10, 2024, AppFolio's CFO, Fay Sien Goon, had shares of Class A Common Stock withheld by the issuer 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 Goon under the company's 2015 Stock Incentive Plan on December 13, 2021, January 25, 2023, January 24, 2023 and January 23, 2024.
- A total of 2,157 shares were withheld at a price of $213.92 per share.
- Following these transactions, Goon directly owns 90,971 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock vesting and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| December 13, 2021 | Date of initial grant of performance-based and time-based restricted stock units (RSUs) under the Issuer's 2015 Stock Incentive Plan. |
| January 25, 2023 | Date of initial grant of performance-based restricted stock units (RSUs) under the Issuer's 2015 Stock Incentive Plan. |
| January 24, 2023 | Date of initial grant of time-based restricted stock units (RSUs) under the Issuer's 2015 Stock Incentive Plan. |
| January 23, 2024 | Date of initial grant of time-based restricted stock units (RSUs) under the Issuer's 2015 Stock Incentive Plan. |
| August 10, 2024 | Date of stock withholding to satisfy tax obligations related to vesting RSUs. |
| August 13, 2024 | Date of Form 4 signature. |
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