Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 22

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 22
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 50,000 |     |      235,043 |     | —            |     | 285,043 |
| Matthew J. Wallach |     |          50,000 |     |      235,043 |     | —            |     | 285,043 |

| (1) | Represents the annual cash retainers paid to each director. |

| (2) | Represents the aggregate grant date fair value of RSUs granted to the director during fiscal 2025, computed in accordance with FASB ASC Topic No. 718. See notes 1 and 11 of the notes to our consolidated financial statements included in our Annual Report on Form 10-K filed on March 24, 2025 for a discussion of the assumptions made by us in determining the grant date fair values of our option awards. As of January 31, 2025, the above-listed non-employee directors held outstanding RSUs under which the following number of shares of our common stock were issuable upon vesting: Mr. Cabral — 629; Mr. Carges — 713; Dr. Hedley — 685; Ms. Hung — 685; Dr. Hunt — 685; Mr. Mohr — 769; Mr. Ritter — 797; Mr. Sekhri — 657; and Mr. Wallach — 657. |

| (3) | On March 10, 2025, Dr. Hunt informed the Board of her intention to step down from her role as a director on the Board, effective immediately prior to the Annual Meeting. |

Stock Ownership Guidelines To further align the interests of our directors and executive officers with those of our shareholders, our Board adopted stock ownership guidelines. Under these guidelines, each director must own Veeva stock with a value of three times the annual cash retainer for Board service. Our directors may satisfy these guidelines by ownership of shares of our common stock or vested and unexercised stock options and are required to achieve these ownership levels within three years of the date of such director’s election or appointment. All of our directors are in compliance with these guidelines as of March 31, 2025. See “ Our Pay—Compensation Discussion and Analysis—Other Compensation Information and Policies” for information about the guidelines applicable to our executive officers.

| Veeva Systems Inc. | 2025 Proxy Statement27 |

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