Form 4: Appian Corp CFO Receives Stock Grants

Mark Matheos, CFO of Appian Corp, was granted restricted stock units (RSUs) on April 30, 2024, according to a Form 4 filing.

Summary

• Mark Matheos, the Chief Financial Officer of Appian Corp, received two grants of Restricted Stock Units (RSUs) on April 30, 2024.
• The first grant was for 3,473 RSUs, which will vest on May 5, 2025, contingent upon continuous service to the Issuer.
• The second grant was for 26,980 RSUs, which will vest in four equal annual installments starting on May 5, 2024, also contingent upon continuous service.
• Each RSU represents a contingent right to receive one share of Appian's Class A Common Stock or its cash equivalent at the discretion of the Issuer.
• Following these transactions, Matheos directly owns 3,473 and 26,980 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice and indicates confidence in the executive and the company's future.

Positives

• The RSU grants align the CFO's interests with the company's performance and shareholder value.
• The vesting schedules incentivize continued service and commitment from the CFO.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Stock grants are a common form of executive compensation in the technology industry, used to attract and retain talent and align their interests with shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the software industry.
• Companies like Salesforce, Adobe, and ServiceNow also utilize RSUs to incentivize their executives.
• The vesting schedules are fairly standard, with annual or multi-year vesting periods to ensure long-term commitment.

Stakeholder Impact

• Shareholders may view the RSU grants positively as they align management's interests with the company's long-term success.
• Employees may see the grants as a sign of the company's commitment to its leadership.

Key Dates