Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 44

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 44
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. Compensia also assisted the Compensation Committee in the extensive review and deliberation process it undertook in fiscal 2025 related to the stock options granted to our CEO. As part of that process, the Compensation Committee also engaged the services of Infinite Equity for the limited purpose of assisting the Compensation Committee in evaluating the likely grant date fair value associated with the option grants as well as calculating the grant date fair value for financial reporting purposes and the year-end fair value of the option grants for proxy disclosure purposes.

| Veeva Systems Inc. | 2025 Proxy Statement45 |

TABLE OF CONTENTS

Our Pay Peer Group and Competitive Data With respect to fiscal 2025 compensation for our NEOs, our Compensation Committee considered publicly available benchmarking data gathered by the management team of executive compensation at the peer companies listed below. Our Compensation Committee believes it is useful to review this comparative data when evaluating our executive compensation programs and making compensation decisions for our NEOs. While it uses this data as a reference point, the Compensation Committee does not feel it necessary to mirror the compensation provided by these other companies or to target any specific percentile or range of percentiles for cash, incentive, equity, or total compensation for our executive officers relative to these peer companies. Compensia evaluates and recommends a peer group annually for executive compensation benchmarking. Compensia re-evaluated our peer group for fiscal 2025 and recommended removing Zendesk and adding HubSpot and MongoDB to our peer group. The peer group consisted of publicly traded software and software services companies that generally had revenues between approximately $653 million and $6.5 billion, generally experienced high year-over-year revenue growth, and/or had a market capitalization between $8 billion and $129 billion. Our Compensation Committee considered the peer group’s compensation practices data for compensation decisions during and with respect to fiscal 2025. The peer group consisted of the following companies, which our Compensation Committee determined are appropriate:

| ANSYS              |     | Autodesk           |     | CrowdStrike Holdings       |     | Datadog    |
| DocuSign           |     | Fortinet           |     | HubSpot                    |     | MongoDB    |
| Okta               |     | Palo Alto Networks |     | Paycom Software            |     | ServiceNow |
| Snowflake          |     | Splunk             |     | SS&C Technologies Holdings |     | Twilio     |
| Tyler Technologies |     | Workday            |     | Zoom                       |     |            |

Principal Elements of Compensation The compensation of our