Commvault Systems (CVLT) director awarded 1,761 restricted stock units, holdings now 35,941 shares
Rhea-AI Filing Summary
Geeslin Keith reported acquisition or exercise transactions in this Form 4 filing.
COMMVAULT SYSTEMS INC director Keith Geeslin received an equity award of 1,761 shares of common stock in the form of restricted stock units. The award was granted at $0.00 per share and is held directly. After this grant, his direct holdings total 35,941 shares.
The restricted stock units will vest 100% on the later of the one-year anniversary of the grant date or the date of the 2027 Annual Meeting of Stockholders, tying full ownership to continued board service through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,761 shares
Net Buy
1 txn
Insider
Geeslin Keith
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,761 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 35,941 shares (Direct)
Footnotes (1)
- F1. The common stock is being granted as restricted stock units, 100% of which shall vest on the later of the one-year anniversary of the date of grant or the date of the 2027 Annual Meeting of Stockholders.
Key Figures
Shares granted: 1,761 shares
Grant price: $0.00 per share
Holdings after grant: 35,941 shares
+1 more
4 metrics
Shares granted
1,761 shares
Restricted stock unit grant to director on 2026-08-06
Grant price
$0.00 per share
Equity award granted as compensation, not a market purchase
Holdings after grant
35,941 shares
Total direct holdings reported following the RSU grant
Vesting reference year
2027
RSUs vest on later of one year from grant or 2027 annual meeting
Key Terms
restricted stock units, vest, Annual Meeting of Stockholders
3 terms
restricted stock units financial
"The common stock is being granted as restricted stock units, 100% of which"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"100% of which shall vest on the later of the one-year anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Annual Meeting of Stockholders financial
"later of the one-year anniversary of the date of grant or the date of the 2027 Annual Meeting of Stockholders"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Keith Geeslin report in this Form 4 for COMMVAULT SYSTEMS INC (CVLT)?
Keith Geeslin reported an equity award of 1,761 shares of Commvault common stock in the form of restricted stock units, granted at $0.00 per share and held as a direct ownership position.
What are Keith Geeslin's total direct holdings in CVLT after this Form 4 transaction?
Following the reported grant, Keith Geeslin directly holds 35,941 shares of Commvault common stock. This total includes the newly granted 1,761 restricted stock units, subject to their specified vesting conditions.
What are the vesting terms of Keith Geeslin’s restricted stock units in CVLT?
The restricted stock units will vest 100% on the later of the one-year anniversary of the grant date or the date of the 2027 Annual Meeting of Stockholders, aligning vesting with continued board service through that timeframe.
Did COMMVAULT SYSTEMS INC (CVLT) receive any cash from this Form 4 transaction?
No cash was involved; the shares were granted at $0.00 per share as an equity award. This represents stock-based compensation to director Keith Geeslin rather than a purchase or sale in the open market.