Company: VEEV
Filing Date: 2025-05-05
Form Type: DEF 14A
Source: 0001140361-25-017353
Chunk: 54

Company: VEEVA SYSTEMS INC
Filing Date: 2025-05-05
Form: DEF 14A
Chunk 54
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. See discussion in “Principal Elements of Compensation—Equity Awards—CEO Equity Compensation” for additional details about this option grant. This option grant was made to Mr. Gassner on June 19, 2024. Accordingly, the disclosure rules that apply to the Summary Compensation Table require that we reflect the entire grant date fair value for this option grant in fiscal 2025. In determining to recommend and approve, respectively, this option grant, our Compensation Committee and our Board considered the fact that, given its five-year grant cycle for Mr. Gassner and delayed vesting commencement date, the fair value of the option grant might more appropriately be thought of by allocating the grant date fair value in equal portions to each of the five fiscal years in which the options will vest (i.e., fiscal 2026 through fiscal 2030). The fair value allocated under that methodology to each year of the five-year vesting period would be $34,398,060. |

| (3) | Mr. Bowman’s tenure as CFO ended on April 1, 2024 and he remained an employee for three months thereafter to ensure a smooth transition. In connection with his departure, 9/16ths of Mr. Bowman's equity grant from the fiscal year ending January 31, 2023 of 10,000 RSUs and 20,000 stock options, originally scheduled to vest on April 1, 2026, were accelerated and vested on July 1, 2024. |

| (4) | Mr. Cabral served as Interim CFO from April 1, 2024 through September 16, 2024. Mr. Cabral received no compensation in connection with his role as Interim CFO. |

| (5) | Mr. Van Wagener commenced employment with Veeva on July 15, 2024 as Executive Vice President, Finance. The Board appointed Mr. Van Wagener as CFO effective as of September 16, 2024. |

| Veeva Systems Inc. | 2025 Proxy Statement53 |

TABLE OF CONTENTS

Our Pay Fiscal 2025 Grants of Plan-Based Awards The following table provides information concerning grants of plan-based awards to our NEOs during fiscal 2025.

| Name                |     | Grant     
 Date      |     | All Other Stock   
 Awards: Number of 
 Shares of         
 Stock or Units    
 (#)               |     | All Other Option 
   Awards: Number 
    of Securities 
       Underlying