Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 64

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 64
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) | While our executive compensation program rewards individual and company performance via short-term and long-term equity incentive programs, we do not currently link the compensation actually paid to our NEOs to any company financial performance measure other than our stock price. We believe that both our annual stock bonus in the form of RSU awards and our annual long-term equity incentives in the form of stock options effectively emphasize an ownership culture and reward our executives for performance and value creation. Hence, we havenot includedan additional column for a Company-Selected Measure (as defined under §229.201(v)(2)(vi) of Regulation S-K) in this table because guidance issued under the pay versus performance rules states that stock price cannot be a “Company-Selected Measure” unless it is a performance metric in an incentive plan. See “Compensation Discussion and Analysis” for information about our compensation philosophy. |

| Veeva Systems Inc. | 2025 Proxy Statement59 |

TABLE OF CONTENTS

Our Pay Footnote (2) Continued: Adjustments to Determine Compensation Actually Paid The following tables disclose adjustments to the SCT totals to calculate the amount disclosed above as “compensation actually paid” for each covered fiscal year. The assumptions used for determining the fair values shown in these tables are materially consistent with those used to determine the fair values disclosed as of the grant date of such awards.

| Compensation Actually Paid - Fiscal 2025                                                                                                                                                                                                         |     |              |     |                    |
| Adjustment Components                                                                                                                                                                                                                            |     |      CEO ($) |     | Average of Non-CEO 
           NEOs ($) |
| SCT total for fiscal 2025                                                                                                                                                                                                                        |     |  172,436,133 |     |          2,735,905 |
| Deduction for fair value of all equity awards reported in the SCT for fiscal 2025                                                                                                                                                                |     | -171,990,300 |     |         -2,403,731 |
| Increase for year-end fair value of all equity awards granted during fiscal 2025 that were unvested and outstanding as of the end of fiscal 2025                                                                                                 |     |  284,265,500 |     |          2,230,183 |
| Increase for fair value as of the vesting date of all equity awards granted during fiscal 2025 that also vested during fiscal 2025                                                                                                               |     |            — |     |            482,940 |
| Increase or deduction, as applicable, for the change in fair value as of the end of fiscal