Form 4: Procore Director Kevin O'Connor Receives RSU Grant

Director Kevin J. O'Connor was granted 4,712 restricted stock units as part of his compensation for service at Procore Technologies, Inc.

Summary

• Director Kevin J. O'Connor acquired 4,712 restricted stock units (RSUs) on June 4, 2026.
• The RSUs represent a right to receive common stock, with vesting scheduled for the 2027 annual meeting of stockholders.
• The reporting person has elected to defer receipt of the underlying common stock until termination of service or a change in control.
• Following this transaction, the director holds 21,344 shares directly and 985,214 shares indirectly through a revocable trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

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

Negatives

• None identified.

Risks

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

Future Outlook

The RSUs are set to vest at the 2027 annual meeting of stockholders, contingent upon continued service.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practice to ensure directors maintain a vested interest in the company's long-term performance.

Comparison to Industry Standards

• The use of RSUs for director compensation is consistent with standard practices for publicly traded technology companies.
• The deferral election is a common tax and estate planning strategy for high-net-worth directors.

Related Party Transactions

• Shares held by the Kevin J. O'Connor Revocable Trust.

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 Trading, Director Compensation, Restricted Stock Units