secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2021-09-16T23:59:59+00:00
Accession:  0001433195-21-000090
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppFolio names Fay Sien Goon as CFO, effective Oct 18, 2021; compensation detailed
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- Fay Sien Goon appointed CFO effective Oct 18, 2021; previously Chief Accounting Officer at ServiceNow.
- Compensation includes $450K base salary, $500K sign-on bonus, $450K target annual STI, and $2M one-time STI for FY2022.
- Equity awards: $6M time-based RSUs vesting over 5 yrs, $2.4M performance RSUs (Dec 2023), and $600K additional time-based RSUs.
- Severance: 12 months base salary continuation, prorated STI, COBRA for 12 months, and accelerated equity vesting on qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319521000090/0001433195-21-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319521000090/appf-20210916.htm
  HTML page:      https://secwatch.observer/filing/0001433195-21-000090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer