Director at Procore (NYSE: PCOR) receives 4,712 RSUs award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Steele Elisa reported acquisition or exercise transactions in this Form 4 filing.
PROCORE TECHNOLOGIES, INC. director Elisa Steele received an equity grant of 4,712 shares of common stock in the form of restricted stock units. These RSUs carry no purchase price and will vest 100% on the date of the company’s 2027 annual meeting of stockholders, subject to her continued board service.
After this award, Steele directly holds 59,871 shares of common stock. She has elected to defer delivery of the shares underlying the RSUs until the earlier of 90 days after her service terminates or the date of a change in control.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steele Elisa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,712 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 59,871 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 4,712 shares
Grant price: $0.00 per share
Shares held after: 59,871 shares
+2 more
5 metrics
RSUs granted
4,712 shares
Restricted stock units awarded on June 4, 2026
Grant price
$0.00 per share
RSU award compensation, not a market purchase
Shares held after
59,871 shares
Direct holdings of Procore common stock post-transaction
Vesting event
2027 annual meeting
100% of RSUs vest at 2027 stockholder meeting
Deferral period
90 days after termination
Outside trigger for deferred share delivery after service ends
Key Terms
restricted stock units, change in control, annual meeting of stockholders, termination of service
4 terms
restricted stock units financial
"Represents shares of common stock issuable upon the settlement of restricted stock units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
change in control financial
"until the earlier of (i) the date that is ninety (90) days following the date of termination of service, and (ii) the date of a change in control."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
annual meeting of stockholders regulatory
"100% of the RSUs vest on the date of the issuer's 2027 annual meeting of stockholders"
termination of service regulatory
"the date that is ninety (90) days following the date of termination of service"