Jennifer Leigh DiRico - 15 Aug 2024 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role
Chief Financial Officer
Signature
/s/ Danielle Abrahamsen, Attorney-in-Fact
Issuer symbol
CVLT
Transactions as of
15 Aug 2024
Net transactions value
$0
Form type
4
Filing time
04 Sep 2024, 19:52:37 UTC
Previous filing
04 Sep 2024
Next filing
04 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLT Common Stock Award $0 +13,084 $0.000000 13,084 15 Aug 2024 Direct F1
transaction CVLT Common Stock Award $0 +13,084 +100% $0.000000 26,168 15 Aug 2024 Direct F2
transaction CVLT Common Stock Award $0 +6,542 +25% $0.000000 32,710 15 Aug 2024 Direct F3
transaction CVLT Common Stock Award $0 +6,542 +20% $0.000000 39,252 15 Aug 2024 Direct F4
* 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, 100% of which will vest on the one-year anniversary of the date of grant.
F2 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.
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.
F4 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.