Commvault CAO reports initial share holdings
Commvault Systems Inc. officer Danielle Nicole Abrahamsen, the Chief Accounting Officer, filed an initial statement of beneficial ownership of company securities.
Rhea-AI Filing Summary
Commvault Systems Inc. officer Danielle Nicole Abrahamsen, the Chief Accounting Officer, filed an initial statement of beneficial ownership of company securities. She directly holds 620 shares of common stock, plus equity awards in the form of performance stock units and restricted stock units that each convert into one share of common stock when vested.
The filing reports 715 performance stock units granted on May 15, 2024, which vest over three years based on performance and continued service. It also lists restricted stock units of 963 granted August 15, 2023, and additional grants of 1,367 and 2,266 RSUs from May 15, 2024 and May 15, 2025, all vesting in stages over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. Granted on May 15, 2024, represents the portion of the number of shares determined to have been earned based upon the performance criteria and that remain subject to additional time-based vesting criteria. 33% of these performance stock units ("PSUs") will vest on the first anniversary of the grant date and 8.375% will vest at the end of each successive three-month period thereafter through the third anniversary of the grant date. Each PSU represents the right to receive one share of common stock.
- F2. Granted on August 15, 2023, 33% of the restricted stock units ("RSUs") will vest on the first anniversary of the grant date and 8.375% will vest at the end of each successive three-month period thereafter through the third anniversary of the grant date.
- F3. Each RSU represents the right to receive one share of common stock.
- F4. Granted on May 15, 2024, 33% of the RSUs will vest on the first anniversary of the grant date and 8.375% will vest at the end of each successive three-month period thereafter through the third anniversary of the grant date.
- F5. Granted on May 15, 2025, 33% of the RSUs will vest on the first anniversary of the grant date and 8.375% will vest at the end of each successive three-month period thereafter through the third anniversary of the grant date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing for CVLT show about Danielle Abrahamsen?
What performance stock units are reported for Commvault (CVLT) CAO Danielle Abrahamsen?
What restricted stock unit grants does the CVLT Form 3 disclose?
How do Danielle Abrahamsen’s RSUs and PSUs in CVLT convert into stock?
Is Danielle Abrahamsen a director or 10% owner of Commvault (CVLT)?
AI-generated analysis. How Rhea-AI works. Not financial advice.