Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 48

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 48
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     |  $        110.00 |     | Same as above now that the applicable Stock Price Target has been achieved                                                                                                           |     | January 9, 2028 |
| 177,415   |     | Same as above                                                                                                    |     | $         120.00 |     | Same as above now that the applicable Stock Price Target has been achieved                                                                                                           |     | January 9, 2028 |

To achieve each of the above Stock Price Target Vesting Conditions, Veeva’s common stock had to sustain the specified Stock Price Target for at least 60 consecutive trading days, and each Stock Price Target Vesting Condition has been satisfied. The 2018 CEO Options reflect the continuation of a five-year long-term incentive compensation cycle for Mr. Gassner and did not begin vesting (based upon the service-based vesting conditions) until Mr. Gassner’s pre-IPO grant stock options completed vesting at the end of our fiscal year ended January 31, 2020. On June 19, 2024, upon the recommendation of a special committee of independent directors, our Board approved a grant to Mr. Gassner of options to purchase an aggregate of 2,650,000 shares of our common stock (the “2024 CEO Options”) with an exercise price of $236.90 per share, which was equal to the 52-week high trading price at the time of grant and significantly higher than the closing price of our stock as of the trading date immediately prior to the grant date. The special committee was advised by Compensia, the Compensation Committee’s independent compensation consultant. The 2024 CEO Options are consistent with the Board’s practice of implementing five-year long-term incentive compensation programs for Mr. Gassner (i.e., the 2024 CEO Options did not begin vesting until the completion of vesting of Mr. Gassner’s 2018 CEO Options), and our Board intends that the 2024 CEO Options will be Mr. Gassner’s only equity-based compensation until at least 2030.

| 48Veeva Systems Inc. | 2025 Proxy Statement |

TABLE OF CONTENTS Our Pay Our Board and Compensation Committee believe that it continues to be appropriate to evaluate grants to Mr. Gassner on a five-year cadence. The last equity award granted