Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 60

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 60
---
845 |     |        279,975 |     |        6,921 |     |      1,320,479 |
| Timothy S. Cabral   |     |             — |     |              — |     |            — |     |              — |
| Brian Van Wagener   |     |             — |     |              — |     |        1,370 |     |        288,043 |
| Josh Faddis         |     |             — |     |              — |     |        4,656 |     |        970,070 |
| Thomas D. Schwenger |     |             — |     |              — |     |        7,995 |     |      1,667,046 |
| E. Nitsa Zuppas     |     |             — |     |              — |     |        5,591 |     |      1,166,813 |

| (1) | The value realized is based on the fair market value of our common stock on the date of exercise minus the exercise price. |

| (2) | The value realized on vesting is calculated by multiplying the number of RSUs vesting by the fair market value of a share of our common stock on the vesting date. |

Fiscal 2025 Potential Payments Upon Termination or Change in Control We have entered into offer letters with each of our NEOs, none of which provides a right to receive severance in the event of a termination of their employment. In addition, none of our NEOs is currently eligible for any change-in-control-related benefits. CEO Pay Ratio For fiscal 2025, the annual total compensation for Mr. Gassner and our median employee was $172,436,133 and $137,866, respectively. Accordingly, the resulting ratio of the two amounts is approximately 1,250.8:1. We believe our compensation philosophy and process yield an equitable result for all of our employees. The pay ratio reported above is a reasonable estimate calculated in a manner consistent with SEC rules based on our internal records and the methodology described below. Neither the Compensation Committee nor our management uses our pay ratio to make compensation decisions. Because the SEC’s rules for identifying the median employee and calculating the pay ratio based on that employee’s annual total compensation allow companies to adopt a variety of methodologies, to apply certain exclusions, and to make reasonable estimates and assumptions that reflect their employee populations and compensation practices, the pay ratio reported by other