Form 4: Appian Corp Executive Mark Dorsey Reports Acquisition of Restricted Stock Units

Chief Revenue Officer Mark Dorsey acquired 34,916 Restricted Stock Units (RSUs) of Appian Corp on November 5, 2024, vesting annually starting November 5, 2025.

Summary

• Mark Dorsey, Chief Revenue Officer of Appian Corp, filed a Form 4 on November 7, 2024, reporting a transaction.
• On November 5, 2024, Dorsey acquired 34,916 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of Appian's Class A Common Stock or its cash equivalent.
• The RSUs vest in four equal annual installments beginning on November 5, 2025, contingent upon continuous service to Appian.

Sentiment

Score: 5

Explanation: This is a routine disclosure of executive compensation, neither particularly positive nor negative.

Future Outlook

The RSUs vest over four years, incentivizing continued service by the executive.

Industry Context

Form 4 filings are standard practice and provide transparency into executive compensation and stock ownership, which is common across publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include RSUs to align executive interests with shareholder value.
• Vesting schedules are a common mechanism to ensure long-term commitment from executives.
• The four-year vesting schedule is a typical timeframe for RSU grants in the tech industry.
• Companies like Salesforce, Workday, and ServiceNow also utilize RSU grants as part of their executive compensation packages.

Stakeholder Impact

• The RSU grant aligns executive interests with shareholder value by incentivizing long-term performance.
• Employees may view the grant as a positive sign of the company's commitment to its leadership.

Key Dates