Hearn Walter 4
4 · PROCORE TECHNOLOGIES, INC. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Procore (PCOR) CRO Designate Walter Hearn Receives 124,111 RSUs
What Happened Walter Hearn, CRO Designate of Procore Technologies (PCOR), was granted 124,111 restricted stock units (RSUs) on 2026-03-10. The Form 4 reports the acquisition price as $0.00 (award/grant). This is a compensation award (not an open-market purchase or sale).
Key Details
- Transaction type/date: Award (Code A) on 2026-03-10; Form 4 filed 2026-03-12 (timely within the usual 2-business-day window).
- Amount/price: 124,111 RSUs at $0.00 acquisition price.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: RSUs convert to common stock upon settlement. Vesting: 1/4 of the RSUs vest on the first anniversary of the Vesting Commencement Date; thereafter 1/16 vest quarterly on Feb 20, May 20, Aug 20 and Nov 20, subject to continued service.
- Taxes/withholding: No tax withholding or sale noted in this filing.
Context RSUs are a form of equity compensation that convert to shares as they vest; this grant is typically a retention/incentive award and does not itself signal a market buy or sell. Retail investors should note this is an insider award rather than a cash purchase or sale—useful for understanding executive compensation but not a direct liquidity event.
Insider Transaction Report
Form 4
Hearn Walter
CRO Designate
Transactions
- Award
Common Stock
[F1]2026-03-10+124,111→ 124,111 total
Footnotes (1)
- [F1]Represents shares of common stock issuable upon the settlement of restricted stock units ("RSUs"). One-fourth (1/4th) of the RSUs will vest on the first anniversary of the Vesting Commencement Date (as such term is defined in the applicable RSU grant agreement) and thereafter, one-sixteenth (1/16th) of the RSUs will vest quarterly on each February 20, May 20, August 20 and November 20 (each, a "Company Vesting Date") and subject to the Reporting Person's continued service through each Company Vesting Date.
Signature
/s/ Benjamin C. Singer, Attorney-in-Fact|2026-03-12