Courtemanche Craig F. Jr. 4
4 · PROCORE TECHNOLOGIES, INC. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Procore (PCOR) Chairman Craig Courtemanche Receives 90,027-Share Award
What happened
- Craig F. Courtemanche Jr., Chairman of the Board of Procore Technologies (PCOR), was granted/issued 90,027 shares on Feb 16, 2026 (transaction coded as an award/acquisition). The shares were issued at $0 per share (total cash consideration $0). The award reflects performance stock units (PSUs) that had their performance conditions certified by the Compensation Committee.
Key details
- Transaction date: 2026-02-16; Form 4 filed: 2026-02-18 (timely filing).
- Transaction type/code: A — award/grant or other acquisition of 90,027 shares at $0.00.
- Vesting: Per the filing (F1), the certified PSUs are now subject only to time-based vesting — one-third vests on Feb 20, 2026, then one-twelfth vests quarterly on each Feb 20, May 20, Aug 20 and Nov 20 thereafter, subject to continued service.
- Holdings/beneficial ownership notes: some reported shares are held in trusts (F2–F4: Craig F. Courtemanche & Hillary Courtemanche Family Trust and two irrevocable trusts).
- Amount owned following the transaction is not specified in the excerpt provided.
Context
- These were PSUs that met performance criteria and converted to time-vesting awards — not an open-market purchase or sale, and no cash was exchanged. For retail investors, this is a standard executive compensation event indicating performance targets were met; it does not on its own signal buying/selling intent.
Insider Transaction Report
Form 4
Courtemanche Craig F. Jr.
DirectorOther
Transactions
- Award
Common Stock
[F1]2026-02-16+90,027→ 954,924 total
Holdings
- 2,692,461(indirect: See Footnote)
Common Stock
[F2] - 1,155,480(indirect: See Footnote)
Common Stock
[F3] - 527,349(indirect: See Footnote)
Common Stock
[F4] - 23,736(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]Represents shares of common stock issuable upon the settlement of performance stock units ("PSUs") initially subject to both performance-based criteria and time-based vesting. On February 16, 2026, the Compensation Committee of the Company's Board of Directors certified that certain performance-based criteria had been satisfied. As a result, the PSUs that were certified as having satisfied the applicable performance-based criteria are now subject only to the following time-based vesting schedule: One-third (1/3rd) of the PSUs vest on February 20, 2026, and thereafter, one-twelfth (1/12th) of the PSUs vest quarterly on each February 20, May 20, August 20 and November 20 (each, a "Company Vesting Date"), subject to the Reporting Person's continued service through each Company Vesting Date.
- [F2]These shares are held by the Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012.
- [F3]These shares are held by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021.
- [F4]These shares are held by The Courtemanche 2016 Irrevocable Trust.
Signature
/s/ Benjamin C. Singer, Attorney-in-Fact|2026-02-18