Dave M. B. Grady is the CEO of Procore Technologies, a company that focuses on providing construction management software. He has a strong background in operations and holds an M.B.A. from Harvard Business School. Since taking the helm, Dave has...

Number of Employees

3.69K

Year

2023

Total Compensation

$12.92M

Salary

$545.00K

Board Justification

The compensation philosophy emphasizes performance-based pay and long-term equity incentives to align executives' interests with those of stockholders.

Bonus

$541.87K

Board Justification

The bonus is based on the achievement of corporate performance objectives set at the beginning of the year, with a final payment multiplier of 99.425% for 2023.

Other

$24.42K

Board Justification

This includes matching contributions to the 401(k) plan and other benefits.

Restricted Stock

$11.81M(198.11K RSU)

Board Justification

The stock awards granted in 2023, which vested based on continued service, with 1/16th vesting on each Company Vesting Date starting from May 20, 2023.

Performance Metrics

The performance metrics for determining the bonus included net new bookings and non-GAAP operating margin.

SEC Filing

From April 25, 2024