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...

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 seen the company's stock fluctuations, with his wealth peaking notably at $4.62 billion in July 2021, aided by his significant stock holdings. In 2023, his total compensation was approximately $5.4 million, which included a salary of $545,000 and a bonus tied to the company's performance. Under his leadership, the company has emphasized performance metrics like revenue growth and operating margins. Interestingly, Dave transitioned from being a Senior Vice President to CEO, showcasing a clear upward trajectory in his career. His insider trading activity shows he actively engages with the company's stocks and has a vested interest in its success, reflecting his commitment to aligning with shareholders' best interests.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Procore Technologies CEOs

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Dave M. B. Grady

Ex-CEO of Procore Technologies

Education

M.B.A. from Harvard Business School

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

May 15, 1978 - 46 years ago

CEO of Procore Technologies for

1 year 7 months (Oct 2021 - May 2023)

Previous Experience

Former COO of Procore Technologies, Inc.

Rivals

Competitors/colleagues of Dave M. B. Grady

A

Andrew Anagnost

CEO of Autodesk

2023 Compensation

Stock

$0.00

Salary

$1.05M

Bonus

$1.51M

Other

$153.26K

Total Holdings

$37.20M

S

William R. McDermott

CEO of ServiceNow

2023 Compensation

Stock

$0.00

Salary

$1.35M

Bonus

$3.15M

Other

$351.09K

Total Holdings

$11.00M

A

Ajei S. Gopal

CEO of Ansys

2023 Compensation

Stock

$0.00

Salary

$850.00K

Bonus

$2.40M

Other

$0.00

Total Holdings

$94.82M

C

Matthew Prince

Founder and CEO of Cloudflare, Inc.

2023 Compensation

Stock

$18.33M

Salary

$400.00K

Bonus

$0.00

Other

$783.96K

Total Holdings

$51.04M

H

Yamini Rangan

CEO of HubSpot

2023 Compensation

Stock

$0.00

Salary

$80.00K

Bonus

$0.00

Other

$145.17K

Total Holdings

$44.99M

Holdings

See how much did Dave M. B. Grady make over time.

Dave M. B. Grady's equity holdings in Procore Technologies have seen dramatic changes since joining the company. Initially, his wealth soared to $4.62 billion in July 2021, a period when he had significant control over his stock options and shares....

Dave M. B. Grady's equity holdings in Procore Technologies have seen dramatic changes since joining the company. Initially, his wealth soared to $4.62 billion in July 2021, a period when he had significant control over his stock options and shares. Since then, fluctuations have occurred, with total holdings dropping to around $2.1 billion by November 2023. His recent stock awards in 2023, worth about $11.8 million, reinforce his connection to the company's performance. Despite the dips in value, Dave's strategic approach shows a commitment to recovery and growth as he continues to hold significant company stock, indicating confidence in Procore's future.

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Insider Trading

See recent insider trades of Dave M. B. Grady.

No insider trades found for this CEO.

Compensation History

See how much did Dave M. B. Grady make over time.

In 2023, Dave M. B. Grady’s total compensation was approximately $5.4 million. This package included a base salary of $545,000, a performance-based bonus of $541,866, and stock awards that vested worth about $11.8 million. His bonus was tied to key company objectives like new bookings and profit margins, highlighting the incentives for performance. The previous year, his total compensation was higher at $1.55 million, reflecting the variable nature of executive pay in response to company performance and shareholder interests. The compensation philosophy at Procore emphasizes long-term benefits and performance, aligning executives' incentives with the overall health of the company.

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.

Other Procore Technologies CEOs

Here are other CEOs of Procore Technologies

Tooey Courtemanche

Founder and Ex-CEO of Procore Technologies

April 2014 - September 2021

Paul E. Lyandres

CEO of Procore Technologies

May 2023 - Present