Form 4: Director Nanci Caldwell Receives Procore RSU Grant

Director Nanci Caldwell was granted 4,712 restricted stock units (RSUs) by Procore Technologies, Inc. as part of director compensation.

Summary

• Nanci Caldwell, a director at Procore Technologies, Inc., acquired 4,712 restricted stock units (RSUs).
• The transaction occurred on June 4, 2026.
• The RSUs were granted at a price of $0 per share.
• Following this transaction, the reporting person holds a total of 63,871 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation with no material impact on company operations.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting of RSUs is subject to the director's continued service through the 2027 annual meeting of stockholders.

Future Outlook

The RSUs are scheduled to vest on the date of the issuer's 2027 annual meeting of stockholders, with receipt of shares deferred until termination of service or a change in control.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice in the software-as-a-service (SaaS) industry to ensure board alignment with shareholder interests.

Comparison to Industry Standards

• The grant of RSUs to directors is consistent with compensation structures at peer SaaS companies like Autodesk, Bentley Systems, and Trimble.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation grant.

Next Steps

• Vesting of RSUs at the 2027 annual meeting of stockholders.

Key Dates

Keywords

Procore Technologies, PCOR, Form 4, Insider Transaction, Director Compensation, Restricted Stock Units