Hearn Walter 4

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.