Procore (PCOR) director Nanci Caldwell awarded 4,712 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CALDWELL NANCI reported acquisition or exercise transactions in this Form 4 filing.
Procore Technologies director Nanci Caldwell received an equity award of 4,712 restricted stock units (RSUs) of common stock. The RSUs vest 100% at the company’s 2027 annual meeting of stockholders, subject to continued board service, and Caldwell elected to defer delivery of the shares until after service ends or a change in control. Following this grant, she beneficially owns 63,871 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CALDWELL NANCI
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,712 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 63,871 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 4,712 RSUs
Grant price: $0.00 per share
Total shares after grant: 63,871 shares
+2 more
5 metrics
RSUs granted
4,712 RSUs
Equity award to director on 2026-06-04
Grant price
$0.00 per share
Compensation grant, not an open-market purchase
Total shares after grant
63,871 shares
Beneficial ownership following RSU award
Vesting timing
2027 annual meeting
RSUs vest 100% at 2027 stockholders’ meeting
Deferral period
90 days post-termination or change in control
Timing for deferred share delivery after vesting
Key Terms
restricted stock units ("RSUs"), annual meeting of stockholders, change in control, termination of 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.
annual meeting of stockholders financial
"100% of the RSUs vest on the date of the issuer's 2027 annual meeting of stockholders"
change in control financial
"until the earlier of ... 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.
termination of service financial
"the date that is ninety (90) days following the date of termination of service"
FAQ
What did Procore (PCOR) director Nanci Caldwell report in this Form 4?
Nanci Caldwell reported receiving 4,712 restricted stock units (RSUs) of Procore common stock as a grant. The RSUs are a form of equity compensation that convert into shares at vesting, increasing her total beneficial ownership to 63,871 shares.
When do Nanci Caldwell’s new Procore (PCOR) RSUs vest?
The 4,712 RSUs vest 100% on the date of Procore’s 2027 annual meeting of stockholders. Vesting is conditioned on Caldwell’s continued service as a director through that date or immediately before it if she is not re-elected or does not stand for re-election.
Did Nanci Caldwell pay for the Procore (PCOR) RSUs granted on this Form 4?
No, the RSUs were granted at a reported price of $0.00 per unit, reflecting compensation rather than a market purchase. Upon vesting, they will settle into common shares under the terms of Procore’s equity compensation arrangements.
Is this Procore (PCOR) Form 4 a routine equity compensation grant?
Yes, the filing describes a grant of 4,712 RSUs to a director as compensation. There are no reported market purchases or sales, and the award vests in full at the 2027 annual meeting, consistent with standard director equity programs.