Company: PCOR
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001193125-25-093502
Chunk: 43

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 43
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 views when making future compensation decisions with respect to our named executive officers. At the 2023 Annual Meeting, we held a stockholder advisory vote regarding the frequency with which we should conduct say-on-pay votes (commonly referred to as a “say-on-frequency” vote). An overwhelming majority of votes cast were in favor of conducting a say-on-pay vote annually. As such, we have included a say-on-pay proposal in this Proxy Statement and will continue to conduct a say-on-pay vote annually until we are required to conduct our next “say-on-frequency” vote in 2029. Objectives, Philosophy and Elements of Executive Compensation Our executive compensation program is designed to:

| + | attract, incentivize, reward, and retain employees at the executive level who contribute to our long-term success; |

| + | provide compensation packages to our executives that are fair and competitive, and that reward the achievement of our business objectives; |

| + | establish a direct link between our financial performance and the cash bonus and long-term equity incentives provided to our executives; and |

| + | effectively align our executives’ interests with those of our stockholders by focusing on long-term equity incentives that correlate with the creation of long-term value for our stockholders. |

| 36 |     | PROCORE TECHNOLOGIES, INC. 2025 PROXY STATEMENT |

Executive Compensation| Compensation Discussion and Analysis Our executive compensation program generally consists of, and is intended to strike a balance among, the following three principal elements: base salary, annual performance-based cash bonuses, and long-term incentive compensation in the form of equity awards. We also provide our executive officers with benefits available to all our employees, including retirement benefits under the Company’s 401(k) retirement savings plan and participation in employee health benefit plans. The following chart summarizes the three main elements of our executive compensation program and their objectives and key features.

| Element of Compensation                                              |     | Objectives                                                                                                                                                                                                                                                        |     | Key Features                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Base Salary (fixed cash)                                             |     | Provides financial stability and security through a fixed amount of cash for performing job responsibilities.                                                                                                                                                     |     | Base salaries are reviewed annually and determined based on several factors, including, but not limited to, individual performance, the overall performance of our Company, internal equity, and competitive market data.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Performance Bonus (“at-risk” cash)                                   |     | Motivates and rewards executives for attaining key annual corporate performance goals that relate to our