Form 4: Appian Director Carl Hartman II Receives Equity Grant Under Compensation Policy

Appian Corp. Director Carl Joseph Hartman II was granted 1,046 shares of Class A Common Stock as part of the company's non-employee director compensation policy, increasing his direct beneficial ownership to 3,992 shares.

Summary

• Carl Joseph Hartman II, a Director of Appian Corp. (APPN), acquired 1,046 shares of Class A Common Stock.
• The transaction occurred on July 1, 2025.
• These shares were granted at a price of $0 per share, indicating a non-cash equity award.
• The grant was made under Appian's 2017 Equity Incentive Plan, consistent with the Non-Employee Director Compensation Policy approved by the Board of Directors on December 18, 2020.
• Following this acquisition, Carl Joseph Hartman II directly beneficially owns a total of 3,992 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The filing indicates a routine equity grant to a director, which is a positive for aligning interests, and does not contain any negative or unexpected information.

Positives

• The grant of shares to a director aligns the director's financial interests with those of shareholders, potentially encouraging decisions that enhance long-term shareholder value.
• The transaction is part of a pre-approved and established compensation policy, indicating structured corporate governance.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

Equity grants to non-employee directors are a common practice across industries to compensate board members and align their interests with long-term company performance and shareholder value. This filing reflects a standard compensation mechanism within the software or technology industry, where Appian operates.

Comparison to Industry Standards

• The practice of granting equity to non-employee directors is a widely accepted corporate governance standard across public companies, including those in the software and cloud computing sectors.
• While specific grant sizes vary based on company size, director responsibilities, and compensation philosophy, the mechanism itself is standard.
• No specific comparable companies, projects, or quantitative results are mentioned in the document to allow for a detailed industry-specific comparison of the grant size or terms.

Corporate Governance

Related Party Transactions

• The grant of shares to a director constitutes a related party transaction, as it involves compensation to an insider. This transaction is disclosed as part of a pre-approved compensation policy.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with those of shareholders, potentially encouraging decisions that enhance long-term shareholder value.

Key Dates

Keywords

Appian, APPN, Carl Joseph Hartman II, Director, SEC Form 4, insider transaction, equity grant, stock ownership, beneficial ownership, Class A Common Stock, compensation policy, 2017 Equity Incentive Plan