Sanjay Mirchandani - May 15, 2023 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role
President & CEO, Director
Signature
/s/ James J. Whalen, Attorney-in-Fact
Stock symbol
CVLT
Transactions as of
May 15, 2023
Transactions value $
$0
Form type
4
Date filed
5/17/2023, 04:01 PM
Previous filing
Mar 8, 2023
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Award $0 +77.8K +20.85% $0.00 451K May 15, 2023 Direct F1
transaction CVLT Common Stock Award $0 +38.9K +8.63% $0.00 490K May 15, 2023 Direct F2
transaction CVLT Common Stock Award $0 +38.9K +7.94% $0.00 529K May 15, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The common stock is being granted as restricted stock units and is subject to a 3-year vesting schedule, as follows: 1/3 on the first anniversary of the grant with the remaining portion vesting in equal quarterly installments thereafter.
F2 The common stock is being granted as performance share units (PSUs), 1/3 of which will vest, on each of the first, second and third anniversaries of the grant date of the award, if on such dates the Company's total shareholder return satisfies specified benchmarks relative to Russell 3000 index.
F3 The common stock is being granted as performance share units (PSUs), which will vest, over a three year period based on the Company's achievement of certain financial performance metrics tied to revenue measures.