Howard Fu is the Chief Financial Officer and Treasurer at Procore Technologies, Inc., having taken over the role in May 2023. With a strong academic background that includes a B.S. in Civil Engineering from UC Berkeley, an M.B.A. from Yale,...

Current Market Cap

$8.64B

Number of Employees

3.69K

Total Compensation

2023 - 2023

Trending up by 0.00% last year
Showing total compensation for the last 2023 - 2023

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Up by 0.00% last year

Year

2023

Total Compensation

$4.79M

Salary

$400.00K

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and market benchmarks to attract and retain talent.

Bonus

$242.76K

Board Justification

The bonus is based on a target performance-based cash bonus opportunity of 75% of base salary, contingent on achieving specific corporate performance objectives, with a final payment multiplier of 99.425%.

Other

$0.00

Board Justification

No other compensation was reported for Mr. Fu in 2023.

Restricted Stock

$4.15M(68.51K RSU)

Board Justification

Mr. Fu was granted 68,512 RSUs with a target equity value of $4,150,000 upon his promotion to Chief Financial Officer and Treasurer on May 8, 2023. These RSUs vest quarterly over four years, beginning with the first Company Vesting Date following the vesting commencement date of February 20, 2023.

Performance Metrics

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

SEC Filing

From April 25, 2024

Howard Fu

CEO of Procore Technologies

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Education

B.S. in Civil Engineering from University of California, Berkeley; M.B.A. in Finance from Yale University; M.S. in Management Science and Engineering from Stanford University

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1974 - 50 years ago

Is Founder?

No

Current Tenure

1 year 4 months (May 2023 - Present)

Previous Experience

Senior Vice President, Finance at Procore Technologies, Inc.; Vice President of FP&A at DocuSign, Inc.; various positions at LinkedIn Corporation, Salesforce, Inc., and Visa Inc.

View Holdings

Insider Holdings of Howard Fu

PCOR

$10.48M

$847.14K (8.80%)

Last Insider Trade

PCOR

$468.51K

PCOR at $59.14/share

Aug 22, 2024

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