Gary Merrill - 16 May 2022 Form 4 Insider Report for COMMVAULT SYSTEMS INC (CVLT)

Role
Chief - Business Operations
Signature
Brian M. Carolan, Attorney-in-Fact
Issuer symbol
CVLT
Transactions as of
16 May 2022
Net transactions value
$0
Form type
4
Filing time
18 May 2022, 18:02:00 UTC
Previous filing
04 Mar 2022
Next filing
20 May 2022
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 +15,114 +44% $0.000000 49,204 16 May 2022 Direct F1
transaction CVLT Common Stock Award $0 +7,557 +15% $0.000000 56,761 16 May 2022 Direct F2
transaction CVLT Common Stock Award $0 +7,557 +13% $0.000000 64,318 16 May 2022 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.