Tooey Courtemanche is the CEO of Procore Technologies, a company specializing in technology solutions for the construction industry. He holds a B.S. in Business Administration from the University of California, Santa Barbara. Tooey has been with Procore since 2014, serving...

Number of Employees

3.69K

Year

2023

Total Compensation

$18.62M

Salary

$545.00K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executives by aligning their interests with those of stockholders through performance-based incentives and long-term equity awards.

Bonus

$541.87K

Board Justification

The bonus is based on the achievement of corporate performance objectives, with a final payment multiplier of 99.425% for the 2023 Bonus Program.

Other

$24.42K

Board Justification

Other compensation includes matching contributions to the 401(k) plan and taxable service anniversary gifts.

Restricted Stock

$17.51M(288.46K RSU)

Board Justification

The stock awards that vested in 2023 were based on RSUs granted in prior years, with 1/16th of the shares vesting on each Company Vesting Date, including May 20, 2023.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 were based on net new bookings and non-GAAP operating margin.

SEC Filing

From April 25, 2024

Tooey Courtemanche

Founder and CEO of Procore Technologies

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Education

B.S. in Business Administration from the University of California, Santa Barbara

Field of Expertise

Technology & Engineering - Technology

Born

January 1, 1971 - 54 years ago

Is Founder?

Yes

Current Tenure

1 year 8 months (May 2023 - Present)

Previous Experience

Executive Chairman of Procore Technologies, Inc.