Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 21

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 21
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 pursuant to SEC and NYSE rules. Our directors and executive officers are required to report to our Audit Committee any such related party transaction. In approving or rejecting the proposed transactions, our Audit Committee or the Board shall consider the relevant facts and circumstances available and deemed relevant to the Audit Committee or the Board, including, but not limited to the risks, costs, and benefits to us, the terms of the transaction, the availability of other sources for comparable services or products and, if applicable, the impact on a director’s independence. Our Audit Committee or the Board shall approve only those transactions that, in light of known circumstances, are not inconsistent with Veeva’s best interests as our Audit Committee or the Board determines in the good faith exercise of its discretion.

| Veeva Systems Inc. | 2025 Proxy Statement25 |

TABLE OF CONTENTS

HOW WE ARE PAID Non-Employee Director Compensation Plan Each non-employee member of the Board receives an annual cash retainer of $50,000, paid in arrears in quarterly installments. Non-employee members of the Board also receive grants of RSUs under our 2013 Equity Incentive Plan, as amended and restated, on the date of our annual meeting of shareholders. Such annual grants are valued on the date of grant and vest quarterly over one year. On the date of the annual meeting, each non-employee director who is serving on the Board as of such date will be issued RSUs valued at $225,000 of our common stock. In addition, the non-executive chair or lead independent director will receive an additional issuance of RSUs valued at $40,000 of our common stock. Non-employee members of the Board’s committees are granted additional RSUs as follows.

| • | Audit Committee |

| • | Members: RSUs valued at $20,000 |

| • | Chair: RSUs valued at $40,000 |

| • | Compensation Committee |

| • | Members: RSUs valued at $10,000 |

| • | Chair: RSUs valued at $20,000 |

| • | Cybersecurity Committee |

| • | Members: RSUs valued at $10,000 |

| • | Chair: RSUs valued at $20,000 |

| • | Nominating and Governance Committee |

| • | Members: RSUs valued at $10,000 |

| • | Chair: RSUs valued at $20,000 |

New directors and new committee members will receive cash and equity compensation on a pro