Form 4 for CVLT COMMVAULT SYSTEMS INC
Accepted 2024-05-17 00:00:00 ET · period of report 2024-05-15 · accession 0001169561-24-000056 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2024-05-17 | 2024-05-15+ | CVLT | Mirchandani Sanjay | Pres, CEO, Dir | A - Grant | $0.00 | +139.8K | 474.1K | +42% | $0 |
| M | 2024-05-17 | 2024-05-16+ | CVLT | Mirchandani Sanjay | Pres, CEO, Dir | S - Sale | $110.63 | -46.1K | 524.9K | -8% | -$5.10M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-05-15 | A | A | 34,168 | $0.00 | 508,303 | D | — | — | (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. |
| 2 | Common | Common Stock | 2024-05-15 | A | A | 34,168 | $0.00 | 542,471 | D | — | — | (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. |
| 3 | Common | Common Stock | 2024-05-16 | A | A | 12,969 | $0.00 | 555,440 | D | — | — | (F4) Represents additional shares issued in connection with the Company's total shareholder return for fiscal year 2024 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 15, 2023. |
| 4 | Common | Common Stock | 2024-05-16 | S | D | 15,975 | $110.20 | 539,465 | D | — | — | (F5) Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service. (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.20 and $110.42, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| 5 | Common | Common Stock | 2024-05-17 | A | A | 12,955 | $0.00 | 537,839 | D | — | — | (F7) Represents additional shares issued in connection with the Company's total shareholder return for fiscal year 2024 satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of an award granted on May 16, 2022. |
| 6 | Common | Common Stock | 2024-05-17 | S | D | 8,773 | $110.61 | 529,066 | D | — | — | (F8) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.94 and $110.90, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| 7 | Common | Common Stock | 2024-05-17 | S | D | 6,754 | $111.04 | 522,312 | D | — | — | (F9) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.91 and $111.28, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer. |
| 8 | Common | Common Stock | 2024-05-15 | A | A | 45,558 | $0.00 | 474,135 | D | — | — | (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. |
| 9 | Common | Common Stock | 2024-05-17 | S | D | 14,581 | $110.91 | 524,884 | D | — | — | (F5) Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of restricted stock. Proceeds from the sale were submitted to the Internal Revenue Service. |