Company: PCOR
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001193125-25-093502
Chunk: 71

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 71
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4 Bonus Program. For further details regarding this determination, please refer to the section below titled “Financial Performance Measures.” Please refer to Appendix A for a discussion of non-GAAP operating margin, as well as a reconciliation of this measure, to the most directly comparable financial measure calculated and presented in accordance with GAAP. |

Financial Performance Measures

Below are the most important financial performance measures used by us to link compensation actually paid to our PEO and Non-PEO NEOs for fiscal year 2024 to our performance:

| + | non-GAAP operating margin; and |

| + | revenue. |

Non-GAAP operating margin is the most important financial performance measure used by us to link compensation actually paid to our PEO and Non-PEO NEOs for fiscal year 2024 to our performance, as this measure was one of the two metrics used to determine payouts to our PEO and Non-PEO NEOs under the 2024 Bonus Program, and one of the two metrics used to determine the payout to our PEO for the PSUs granted to our PEO in 2024. The other metric that determined payouts under the 2024 Bonus Program was net new bookings, which is not a financial performance measure. The other financial performance measure that determined the payout to our PEO for the PSUs granted to our PEO in 2024 was revenue. Please refer to the section titled “Compensation Discussion and Analysis” beginning on page 35 of this Proxy Statement for further discussion of the 2024 Bonus Program and the PSUs granted to our PEO in 2024.

Analysis of the Information Presented in the Pay Versus Performance Table As described in greater detail in the section titled “Compensation Discussion and Analysis” beginning on page 35 of this Proxy Statement, our executive compensation program reflects our philosophy of executive pay tied to performance. While we utilize several performance measures to align executive compensation with our performance, not all of those measures are presented in the Pay versus Performance table. We used non-GAAP operating margin to link compensation paid (including “compensation actually paid” as computed in accordance

| 58 |     | PROCORE TECHNOLOGIES, INC. |

Executive Compensation| Analysis of the Information Presented in the Pay Versus Performance Table with Item 402(v) of Regulation S-K) to Company performance. In accordance with Item 402(v) of Regulation S-K, we are providing the following graphical illustrations of the relationships among information presented in the Pay versus Performance table. Compensation Actually Paid and Cum