Form 4: AppFolio Chief Trust Officer Matthew Mazza Reports Stock Transactions Following PSU and RSU Vesting
SEC Form 4
Matthew Mazza, Chief Trust Officer of AppFolio Inc., reports acquisition and disposal of Class A Common Stock related to vesting of performance-based and time-based restricted stock units.
Summary
- On February 10, 2025, Matthew Mazza, Chief Trust Officer of AppFolio Inc., reported transactions involving Class A Common Stock.
- These transactions are related to the vesting of performance-based restricted stock units (PSUs) and restricted stock units (RSUs) granted under the company's 2015 Stock Incentive Plan.
- Mazza acquired 6,778 shares of Class A Common Stock upon the vesting of PSUs.
- The issuer withheld a total of 1,809 shares of Class A Common Stock to satisfy minimum tax withholding obligations related to the vesting of PSUs and RSUs.
- Following these transactions, Mazza beneficially owns 30,326 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The vesting of stock options and restricted stock units is a common way for companies to incentivize and retain key personnel.
Stakeholder Impact
- The transactions have a minor impact on shareholders due to the change in ownership of shares.
- The transactions are part of the compensation package for the Chief Trust Officer.
Key Dates
| Date | Description |
|---|---|
| 2021-01-19 | Date of RSU grant pursuant to the Issuer's 2015 Stock Incentive Plan. |
| 2021-12-13 | Date of PSU and RSU grant pursuant to the Issuer's 2015 Stock Incentive Plan. |
| 2023-01-24 | Date of RSU grant pursuant to the Issuer's 2015 Stock Incentive Plan. |
| 2023-01-25 | Date of PSU grant pursuant to the Issuer's 2015 Stock Incentive Plan. |
| 2024-01-23 | Date of RSU grant pursuant to the Issuer's 2015 Stock Incentive Plan. |
| 2024-01-24 | Date of PSU grant pursuant to the Issuer's 2015 Stock Incentive Plan. |
| 2025-02-10 | Date of transaction: vesting of PSUs and RSUs, acquisition and disposal of shares for tax withholding. |
| 2025-02-12 | Date of signature. |
Keywords
Form 4, APPF, AppFolio, Matthew Mazza, Chief Trust Officer, Class A Common Stock, Restricted Stock Units, PSUs, RSUs, Stock Incentive Plan, Beneficial Ownership, Tax Withholding
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