Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 62

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 62
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 Equity Compensation” for additional details about this option grant). Since equity grants have not been made to Mr. Gassner on an annual basis, his total compensation, as reported under SEC rules, will include no equity-based compensation in most fiscal years. For example, in fiscal 2023 and fiscal 2024, as reflected in the Summary Compensation Table above, Mr. Gassner’s total compensation solely consisted of his base salary. If we calculated the CEO pay ratio based on Mr. Gassner’s fiscal 2024 total compensation and assuming the same total compensation for our median employee, the pay ratio would have been approximately 3:1. Alternatively, if we were to allocate an equal portion of the grant date fair value of the 2024 CEO Options to each of the next five fiscal years given that our Board intends that the 2024 CEO Options will be Mr. Gassner’s only equity-based compensation until at least 2030, the annual value of the 2024 CEO Options would be $34,398,060. Using that value and assuming a relatively constant base salary for Mr. Gassner and a relatively constant total compensation for our median employee, the resulting pay ratio would be approximately 253:1. These alternative pay ratios are not a substitute for the pay ratio calculated in accordance with the SEC disclosure rules, but we believe they are helpful in fully evaluating the ratio of Mr. Gassner’s annual total compensation to the median of the annual total compensation of the Company’s employees. It is also important to note that neither $171,990,300 nor $34,398,060 are indicative of actual gains Mr. Gassner may receive from the 2024 CEO Options. Unlike full-value equity awards (such as restricted stock units), which are more common for executive officer grants at other public companies, Mr. Gassner will receive no financial benefit from the 2024 CEO Options unless our stock price is above the $236.90 per share exercise price at the time of exercise.

| 58Veeva Systems Inc. | 2025 Proxy Statement |

TABLE OF CONTENTS

Our Pay Pay Versus Performance Pay Versus Performance Table The following table sets forth the pay versus performance disclosures required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, for each of the last five completed fiscal years. Because of the emphasis our executive compensation program places on equity compensation, as discussed in “Comp