Appian Corporation has announced a new employee compensation program, allowing employees to receive part or all of their annual bonuses in the form of company stock. In conjunction with this, Appian's Board of Directors has authorized a Share Repurchase Program, permitting the repurchase of up to $10.0 million of its common stock from May 2025 to December 31, 2025. This initiative aims to offset the shares issued for bonus compensation, with additional provisions for new employee elections. The repurchases will be conducted at Appian's discretion, utilizing various methods based on legal requirements and market conditions.
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