Director Vishal Misra gets 603-share RSU grant at Procore (NYSE: PCOR)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Misra Vishal reported acquisition or exercise transactions in this Form 4 filing.
PROCORE TECHNOLOGIES, INC. director Vishal Misra received an equity award covering 603 shares of common stock at no cash cost, in the form of restricted stock units. The RSUs are scheduled to vest 100% at the company’s 2027 annual meeting of stockholders, subject to continued board service, bringing his reported holdings to 10,623 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Misra Vishal
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 603 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,623 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 603 shares
Grant price: $0.00 per share
Holdings after transaction: 10,623 shares
+1 more
4 metrics
RSU grant size
603 shares
Restricted stock units awarded to director on 2026-06-04
Grant price
$0.00 per share
Equity award compensation, not an open-market purchase
Holdings after transaction
10,623 shares
Total common stock reported following the RSU award
Vesting timing
2027 annual meeting
100% of RSUs vest at 2027 stockholders’ meeting, subject to service
Key Terms
restricted stock units ("RSUs"), vest, annual meeting of stockholders, continued service
4 terms
restricted stock units ("RSUs") financial
"Represents shares of common stock issuable upon the settlement of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest financial
"100% of the RSUs vest on the date of the issuer's 2027 annual meeting of stockholders"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of stockholders financial
"100% of the RSUs vest on the date of the issuer's 2027 annual meeting of stockholders"
continued service financial
"subject to the Reporting Person's continued service through such vesting date."
FAQ
What insider transaction did PROCORE TECHNOLOGIES (PCOR) director Vishal Misra report?
Director Vishal Misra reported an equity award covering 603 shares of Procore common stock. The award was structured as restricted stock units and carried a grant price of $0.00 per share, reflecting compensation rather than a market purchase.
When do Vishal Misra’s new Procore (PCOR) restricted stock units vest?
The 603 restricted stock units are scheduled to vest in full at Procore’s 2027 annual meeting of stockholders. Vesting can alternatively occur immediately before that meeting if his board service ends then due to not standing for, or failing to win, re-election.
Are the PROCORE TECHNOLOGIES (PCOR) RSUs immediately settled into common stock?
The Form 4 notes the 603-share award represents common stock issuable upon settlement of restricted stock units. These RSUs vest 100% at the 2027 annual meeting, subject to continued service, so share delivery occurs upon settlement rather than at grant.