COMMVAULT SYSTEMS INC President & CEO Sanjay Mirchandani reported a compensation-related equity award. He acquired 2,805 Performance Stock Units, each representing one share of common stock, based on performance criteria earned above a previously reported 25,497-share target.
According to the vesting schedule, 33% of these PSUs will vest on the first anniversary of the May 15, 2025 grant date, and 8.375% will vest at the end of each successive three-month period thereafter, subject to continued time-based vesting conditions.
Haydon William Geoffrey reported acquisition or exercise transactions in this Form 4 filing.
COMMVAULT SYSTEMS INC President of Customer & Field Operations William Geoffrey Haydon received a grant of 64,543 shares of common stock in the form of restricted stock units at no cash cost. The award vests over three years, and he now holds 65,570 shares directly after this grant.
Merrill Gary reported acquisition or exercise transactions in this Form 4 filing.
Commvault Systems Inc. Chief Financial Officer Gary Merrill received a grant of 12,294 shares of common stock in the form of restricted stock units on April 13, 2026. These units carry no purchase price and represent equity-based compensation rather than an open-market share purchase.
The award vests over three years: 33% on the first anniversary of the grant date and 8.375% at the end of each following three-month period until fully vested. After this grant, Merrill directly holds 75,127 shares of Commvault common stock, reflecting his ongoing equity stake in the company.
Commvault Systems, Inc. announced key leadership changes and updated compensation packages. Gary Merrill has been appointed Chief Financial Officer and principal financial officer, moving from his prior role as Chief Commercial Officer, while Geoff Haydon becomes President of Customer and Field Operations and resigns from the Board to focus on this operating role.
Both executives receive annual base salaries of $500,000 and are eligible for variable compensation equal to 100% of base salary, along with substantial equity awards in restricted stock units and performance-based stock units. Haydon also entered into an Executive Retention Agreement providing salary continuation, accelerated equity vesting, and 12 months of COBRA cost coverage in certain termination scenarios. The company reaffirmed its previously issued fourth quarter and fiscal 2026 guidance.
CommVault Systems Inc ownership filing: The Vanguard Group filed an amendment reporting 0 shares beneficially owned of CommVault Systems Inc common stock, representing 0% of the class.
The filing notes an internal realignment of Vanguard subsidiaries effective per January 12, 2026, after which certain subsidiaries report beneficial ownership separately in reliance on SEC Release No. 34-39538. The filing is signed by Ashley Grim on 03/26/2026.
COMMVAULT SYSTEMS INC President & CEO Sanjay Mirchandani reported open-market sales of company common stock under a pre-arranged Rule 10b5-1 trading plan adopted on December 13, 2025.
He sold 10,338 shares on March 16, 2026 at an average price of $78.96 per share and 10,052 shares on March 17, 2026 at an average price of $80.09 per share, totaling 20,390 shares.
Following these transactions, he continues to directly hold 332,529 shares of Commvault common stock, indicating he retains a substantial equity stake while executing a scheduled trading plan.
Commvault reported insider sale notices for Common Stock by Sanjay Mirchandani. The filing shows a sale of $585,026.07 for 6,480 shares on 02/18/2026 and a sale of $816,288.48 for 10,338 shares on 03/16/2026. The filing also records a restricted stock vesting event dated 02/15/2026 for 10,052 shares tied to compensation.
Commvault insider Sanjay Mirchandani submitted a Form 144 notice to sell up to 10,338 shares of Common Stock associated with restricted stock vesting. The filing also reports 6,480 shares sold on 02/18/2026 for $585,026.07, and records Fidelity Brokerage Services LLC as the broker.
COMMVAULT SYSTEMS INC Chief Commercial Officer Gary Merrill reported open-market sales of company common stock. On February 18, he sold 2,593 shares at an average price of $90.28 per share. On February 19, he sold an additional 1,892 shares at an average price of $91.28 per share.
After these transactions, Merrill directly held 64,725 shares following the first sale and 62,833 shares following the second. The filing states that the shares were automatically sold solely to satisfy tax withholding obligations upon vesting of restricted and performance stock, with proceeds remitted to the Internal Revenue Service, and that the sales were executed under an existing Rule 10b5-1 trading plan adopted in November 2024 and amended in June 2025.
Commvault Systems President & CEO Sanjay Mirchandani reported an automatic sale of 6,480 shares of common stock on February 18, 2026, at an average price of $90.28 per share. According to the disclosure, these shares were sold solely to satisfy tax withholding obligations arising from the vesting of restricted and performance stock, and the proceeds were remitted to the Internal Revenue Service.
After this tax-related sale, Mirchandani beneficially owns 352,919 shares of Commvault common stock, which includes shares purchased under the Commvault Employee Stock Purchase Plan on February 13, 2026.