Form 4: Appian Corp Director Bobbie G Kilberg Reports Acquisition of 782 Shares

Director Bobbie G Kilberg reported acquiring 782 shares of Appian Corp Class A Common Stock on April 1, 2024, under the company's 2017 Equity Incentive Plan.

Summary

• On April 1, 2024, Bobbie G Kilberg, a director of Appian Corporation, acquired 782 shares of Class A Common Stock at a price of $0.
• These shares were granted under Appian's 2017 Equity Incentive Plan, as per the Non-Employee Director Compensation Policy approved on December 18, 2020.
• Following the transaction, Kilberg directly owns 782 shares and indirectly owns 8,741 shares through various trusts.
• The indirect holdings include shares held by the Barbara Greene Kilberg Living Trust, the Kilberg Family Trust, and the William & Barbara Kilberg Trustees trusts.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction related to director compensation. The acquisition of shares by a director is generally viewed as a positive sign, but it's a routine occurrence.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their confidence in the company's stock.

Comparison to Industry Standards

• Director compensation policies vary across the software industry.
• Equity grants are a common component of director compensation packages in comparable companies such as Salesforce (CRM) and ServiceNow (NOW).
• The specific number of shares granted and the vesting schedule are determined by the company's compensation committee and are benchmarked against industry peers.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment, as it reflects a director's investment in the company.

Key Dates