Form 4: Director Vishal Misra Receives Procore RSU Grant

Procore Technologies director Vishal Misra was granted 10,020 restricted stock units as part of his compensation package.

Summary

• Director Vishal Misra acquired 10,020 restricted stock units (RSUs) of Procore Technologies, Inc. (PCOR).
• The transaction occurred on April 20, 2026.
• The RSUs vest in three equal annual installments starting February 20, 2027, contingent upon continued service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.

Positives

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

Negatives

• None identified; this is a standard equity grant for a board member.

Risks

• Vesting is subject to the reporting person's continued service to the company.

Future Outlook

The RSUs will vest in one-third increments annually starting February 20, 2027, provided the director remains in service.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practices designed to incentivize long-term oversight and strategic alignment in the software-as-a-service (SaaS) sector.

Comparison to Industry Standards

• The grant structure follows standard industry practices for board compensation in technology firms.
• Vesting schedules of three years are consistent with typical retention strategies for board members at comparable mid-to-large cap software companies.

Stakeholder Impact

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

Next Steps

• First tranche of RSUs to vest on February 20, 2027.

Key Dates

Keywords

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