Company: CVLT
Filing Date: 2025-06-25
Form Type: DEF 14A
Source: 0001169561-25-000059
Chunk: 53

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-06-25
Form: DEF 14A
Chunk 53
---
 Board of Directors believes it is important for employees to have an equity interest in the Company, and recommends an additional 1.3 million shares for issuance under the 2016 Incentive Plan to stockholders for approval. This increase in the number of shares available for issuance should ensure we can grant our customary incentive awards for the foreseeable future.

The following summary of the 2016 Incentive Plan is qualified in its entirety by the complete text of the 2016 Incentive Plan contained in the Company’s public filings with the SEC.

### Background
We previously maintained the Commvault Systems, Inc. 1996 Stock Option Plan and the 2006 Long-Term Stock Incentive Plan (together, the “Prior Plans”). As of the date of this proxy statement, no shares of Commvault common stock remain to be issued upon exercise or settlement of outstanding awards under the Prior Plans.

As described below under “Description of 2016 Incentive Plan—Types of Awards,” the 2016 Incentive Plan authorizes a broad range of awards, including stock options (“Options”), SARs, Full Value Awards (including restricted stock, RSUs, performance shares or units, and other stock-based awards) and cash-based awards. As of the date of this proxy statement, 11,286,932 shares, net of forfeitures which become available for future issuance, of Commvault common stock (and no stock options) have been granted under the 2016 Incentive Plan, out of a total of 14,250,000 reserved for issuance. This proposal will reserve an additional 1,300,000 shares of common stock for issuance under the 2016 Incentive Plan.

On June 25, 2025, the last reported sale price of our Common Stock on the Nasdaq stock market was $173.42 per share.

#### 55COMMVAULT SYSTEMS, INC. |2025 PROXY STATEMENT
Table of Contents

| PROPOSAL NO. 4: APPROVAL OF ADDITIONAL SHARES FOR ISSUANCE UNDER THE 2016 OMNIBUS INCENTIVE PLAN   | |     | KEY DATA |

#### Key Data
The following table includes information regarding outstanding equity awards and shares available for future awards under our 2016 Incentive Plan as of May 31, 2025.

| Non-Vested Time-Vesting RSUs |     | 1,393,026 |
| Performance-Vesting Shares   |     |