Company: PCOR
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001193125-25-093502
Chunk: 55

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 55
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 high-growth technology companies. In developing the compensation recommendation for Mr. Stack, the Compensation Committee considered an analysis from Compensia that included market data for a chief revenue officer within the Company’s peer group and recent chief revenue officer hires at similarly-sized technology companies as well as the importance of Mr. Stack’s role to our business and his strong experience and track record. In order to incentivize Mr. Stack to take this position and align his interests with those of our stockholders, the Compensation Committee approved the following compensation package for Mr. Stack:

| + | annual base salary of $450,000; |

| + | eligible to participate in the Company’s executive bonus plan, with his target bonus set based on 100% of his base salary; |

| + | sign-on bonus of $250,000, which was subject to repayment if Mr. Stack resigned within one year following the commencement of his employment; and |

| + | RSU award with a target value of $14,000,000. 25% of the RSU award vested on February 20, 2025, with the remaining RSUs vesting in substantially equal installments on each subsequent quarterly Company Vesting Date, subject to Mr. Stack’s continuous service through each such vesting date. |

Employment Offer Letters We have entered into offer letters with each of our named executive officers setting forth the terms and conditions of such executive’s employment with us, as discussed in more detail below in the section titled “Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table—Agreements with our Named Executive Officers” beginning on page 50 of this Proxy Statement.

| 44 |     | PROCORE TECHNOLOGIES, INC. 2025 PROXY STATEMENT |

Executive Compensation| Compensation Discussion and Analysis Severance and Change in Control Benefits We have entered into executive severance agreements with each of our named executive officers, as discussed in more detail below in the section titled “Potential Payments Upon Termination or Change in Control—Executive Severance Arrangements” beginning on page 53 of this Proxy Statement. Health and Welfare Benefits All of our named executive officers are eligible to participate in our employee benefit plans, including our medical, dental, vision, retirement, life, disability, and accidental death and dismemberment insurance plans, in each case, on the same basis as all of our eligible U.S. employees. We pay the premiums for the basic life, disability, and accidental death and dismemberment insurance for all of our employees,