Tanjga Srdjan 4
Research Summary
AI-generated summary
Appian (APPN) CFO Srdjan Tanjga Receives 65,108-Share Award
What Happened
- Srdjan Tanjga, Chief Financial Officer of Appian Corp (APPN), received a grant of 65,108 Performance Stock Awards (PSAs) on February 17, 2026. The award is reported as a derivative grant (transaction code A) with an acquisition price of $0, so no cash changed hands.
- Each PSA represents a contingent right to one share of Class A common stock (or the cash equivalent at the company’s discretion). The PSAs vest in four equal annual installments beginning March 5, 2026, subject to continued service.
Key Details
- Transaction date and price: 2026-02-17; grant price $0.00 (derivative award).
- Quantity: 65,108 PSAs granted.
- Shares owned after transaction: Not stated in this filing.
- Footnotes: F1 — each PSA = contingent right to one share (or cash equivalent). F2 — PSAs vest in four equal annual installments beginning 2026-03-05, subject to continuous service.
- Filing: Report filed 2026-02-19 (appears timely for a Form 4 covering a 2026-02-17 grant).
Context
- This is a compensation award, not an open-market purchase or sale. PSAs are contingent and typically subject to service and performance/vesting conditions, so they do not represent immediately tradable shares.
- Such grants are common for executives and should be viewed as ongoing compensation rather than a direct bullish or bearish trading signal.