Company: APPF
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001433195-25-000061
Chunk: 27

Company: APPFOLIO INC
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 27
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 a member. The Chairperson of our Board and the Chairperson of each committee receive a higher retainer for such service. Eligible directors may elect not to receive any compensation for their service.

During 2024, and as of the date of this Proxy Statement, the fees we pay to our eligible non-employee directors who have not elected to forego such fees for service on our Board and for service on each committee are as follows (Chairperson annual retainers are in lieu of, and not in addition to, director annual retainers):

|                                               |     |        | Director Annual Retainer 
 ($)                      |     |        | Chairperson Annual Retainer 
 ($)                         |
| Board of Directors                            |     | 40,000 |                          |     | 50,000 |                             |
| Audit Committee                               |     | 10,000 |                          |     | 50,000 |                             |
| Compensation Committee                        |     | 10,000 |                          |     | 50,000 |                             |
| Nominating and Corporate Governance Committee |     | 10,000 |                          |     | 50,000 |                             |
| Risk and Compliance Oversight Committee       |     | 10,000 |                          |     | 50,000 |                             |

In addition, our eligible non-employee directors who do not elect to forego compensation for their service on our Board receive the following:

▪ Initial equity award. A one-time restricted stock unit award of our Class A Common Stock with a fair market value of $250,000 under our 2015 Stock Incentive Plan (the "2015 Plan"), with the number of shares granted based on the average closing price per share of our Class A Common stock for the twenty trading days preceding the grant date.

▪ Annual equity award. An annual restricted stock unit award of our Class A Common Stock with a fair market value of $150,000 under the 2015 Plan, with the number of shares granted based on the average closing price per share of our Class A Common stock for the twenty trading days preceding the grant date.

Each director equity grant vests in full on the one-year anniversary of the grant date, subject to the director’s continuous service. All unvested equity granted to eligible directors pursuant to our Director Compensation Policy immediately vests in full upon a change-in-control transaction. Directors receiving compensation for their service may elect to defer, or convert to restricted stock units, all or part of their cash retainers, and defer all or part