Company: PCOR
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001193125-25-093502
Chunk: 54

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 54
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 target. For each metric, a 100% payout represented on-target performance. The actual number of PSUs that became eligible to vest was determined based on the attainment level of the applicable performance goal, as certified by our Compensation Committee. In February 2025, our Compensation Committee certified attainment of the non-GAAP operating margin goal, and determined that the Revenue Threshold had not been attained. As a result, the final percentage of PSUs eligible to vest was 19%, reflecting our below-target performance in fiscal year 2024. One-third of the shares underlying the PSUs that became eligible to vest based on performance attainment during fiscal year 2024 vested on February 20, 2025. The remaining shares underlying the PSUs that became eligible to vest will vest in substantially equal quarterly installments over the two years following February 20, 2025, subject to our CEO’s continuous service through each such vesting date. For information about the treatment of the PSUs in the event of death or permanent disability, please refer to the section titled “Potential Payments Upon Termination or Change in Control—Death and Disability Benefit” on page 56 of this Proxy Statement.

| PROCORE TECHNOLOGIES, INC. 2025 PROXY STATEMENT |     | 43 |

Executive Compensation| Compensation Discussion and Analysis 2025 CEO Equity Award In 2025, our Compensation Committee continued to use performance-based equity incentives as a component of our CEO’s annual equity award. To further align our CEO’s compensation with Company performance, the Compensation Committee increased the percentage of the CEO’s equity award that was granted in PSUs from 25% to 50%, such that our CEO’s fiscal year 2025 equity award is composed of 50% RSUs and 50% PSUs. The overall design of the PSUs granted to our CEO in 2025 is substantially similar to that of the PSUs granted to our CEO in 2024. For information about the treatment of the PSUs in the event of death or permanent disability, please refer to the section titled “Potential Payments Upon Termination or Change in Control—Death and Disability Benefit” on page 56 of this Proxy Statement. Other Features of Our Executive Compensation Program Offer Letter for Chief Revenue Officer Lawrence J. Stack Following an extensive candidate search and interview process, our Board appointed Mr. Stack as Chief Revenue Officer on February 15, 2024. Mr. Stack brings significant leadership experience to the role, including over 20 years of experience in global revenue leadership across