Procore (NYSE: PCOR) director receives 4,712 RSUs vesting at 2027 meeting
Rhea-AI Filing Summary
SMITH GRAHAM reported acquisition or exercise transactions in this Form 4 filing.
PROCORE TECHNOLOGIES, INC. director Graham Smith received an equity award of 4,712 restricted stock units (RSUs), each representing one share of common stock upon settlement. After this grant, he holds 54,381 shares (including the RSUs reported in the filing).
All 4,712 RSUs are scheduled to vest on the date of Procore’s 2027 annual meeting of stockholders, or immediately before that date if his board service ends at that meeting due to not being re-elected or not standing for re-election. Smith has elected to defer settlement of the vested RSUs into common stock until the earlier of 90 days after his service terminates or a change in control of the company.
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Insider Trade Summary
Net Buyer: 4,712 shares
Net Buy
1 txn
Insider
SMITH GRAHAM
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,712 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 54,381 shares (Direct)
Footnotes (1)
- F1. Represents shares of common stock issuable upon the settlement of restricted stock units ("RSUs"). 100% of the RSUs vest on the date of the issuer's 2027 annual meeting of stockholders (or the date immediately preceding such date if the Reporting Person's service as a director ends at such annual meeting as a result of the Reporting Person's failure to be re-elected or the Reporting Person not standing for re-election), subject to the Reporting Person's continued service through such vesting date. The Reporting Person has elected to defer the receipt of common stock upon the vesting of the RSUs 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.
Key Figures
RSU grant: 4,712 RSUs
Post-grant holdings: 54,381 shares
Vesting timing: 2027 annual meeting
+1 more
4 metrics
RSU grant
4,712 RSUs
Awarded on June 4, 2026 to director Graham Smith
Post-grant holdings
54,381 shares
Total shares reported following the RSU grant
Vesting timing
2027 annual meeting
100% of RSUs vest at the 2027 stockholders’ meeting
Deferral period
90 days
Settlement can occur 90 days after service termination
Key Terms
restricted stock units ("RSUs"), annual meeting of stockholders, change in control, deferral
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 (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.
deferral financial
"The Reporting Person has elected to defer the receipt of common stock upon the vesting of the RSUs"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Procore (PCOR) director Graham Smith receive?
Graham Smith received an award of 4,712 restricted stock units (RSUs). Each RSU represents a right to receive one share of Procore common stock upon settlement, providing additional equity-based compensation tied to his continued service as a director.
When do Graham Smith’s 4,712 Procore (PCOR) RSUs vest?
All 4,712 RSUs vest on the date of Procore’s 2027 annual meeting of stockholders. If his board service ends at that meeting due to not being re-elected or not standing for re-election, vesting occurs immediately before that annual meeting date.
What happens to Graham Smith’s Procore (PCOR) RSUs if he is not re-elected in 2027?
If Smith’s board service ends at the 2027 annual meeting because he is not re-elected or does not stand, 100% of the RSUs vest immediately before that meeting. Settlement into common stock is still deferred under his elected deferral terms.
What does a change in control mean for Graham Smith’s Procore (PCOR) RSUs?
Under Smith’s deferral election, a change in control is one of the triggers for payment. If a change in control occurs before his service terminates, the deferred RSUs are settled into common stock on that change-in-control timing trigger.