Procore Technologies Sets New Board Member Compensation Policy with Cash Retainers and Equity Awards

Reuters12-12

<a href="https://laohu8.com/S/PCOR">Procore Technologies</a> Sets New Board Member Compensation Policy with Cash Retainers and Equity Awards

Procore Technologies Inc. announced new compensation terms for its recently appointed board member, Mr. Hovsepian. He will receive an annual cash retainer of $48,100 for board service, with additional retainers of $10,000 for serving on the Compensation Committee and $6,400 for the Nominating Committee, all paid quarterly and prorated for partial months. Upon joining the board, Mr. Hovsepian was granted an initial restricted stock unit (RSU) award valued at $530,000, vesting in three equal annual installments through 2028. Additionally, after each annual stockholders' meeting, he will receive an RSU award valued at $227,500, vesting in full by the following year's meeting, contingent on continued service.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Procore Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-316214), on December 11, 2025, and is solely responsible for the information contained therein.

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