Company: CVLT
Filing Date: 2025-06-25
Form Type: DEF 14A
Source: 0001169561-25-000059
Chunk: 29

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-06-25
Form: DEF 14A
Chunk 29
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 revenue metric. Beginning with our second fiscal quarter, Mr. Merrill had independent quarterly revenue goals that, in the aggregate, correspond with the annual goal for the other NEOs. Since Mr. Merrill could earn his incentive bonus incrementally—based on results for each individual quarter—and his payout percentage was potentially higher, the TMCC anticipated that the payout percentages for the revenue metric for the NEOs might vary.

In keeping with the quarterly schedule for Mr. Merrill’s incentive bonus, he also earned incremental amounts for the non-GAAP EBIT metric. His goal for non-GAAP EBIT was the same as the annual goal set for the other NEOs. However, for the first three applicable quarters of the AIP performance period, Mr. Merrill received an amount based on an assumed achievement of 80% of target for non-GAAP EBIT. At the end of the fourth quarter the payout associated with the non-GAAP EBIT metric was adjusted to reflect Commvault’s actual performance for the year.

FISCAL 2025 ANNUAL CASH INCENTIVE PLAN ACHIEVEMENT

In May 2025 , the TMCC determined that our achievement for the revenue and non-GAAP EBIT portions of the Fiscal 2025 AIP were as follows:

|                |     |   Achievement 
 (in millions) | Target        
 (in millions) |     |      |     | Achievement 
 vs. Target  |     | Payout 
 Factor |     | Weighting |     | Weighted 
 Payout   |
| Annual Revenue |     |          $996 |               |     | $942 |     | 105.7%      |     | 200.0% |     | 60.0%     |     | 120.0%   |
| Non-GAAP EBIT  |     |          $210 |               |     | $179 |     | 117.3%      |     | 200.0% |     | 40.0%     |     | 80.0%    |
| Total          |     |               |               |     |      |     |             |     |        |     | 100.0%    |     | 200.0%   |

#### 34COMMVAULT SYSTEMS, INC. |2025 PROXY STATEMENT
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| CD&A  |FISCAL YEAR 2025 COMPENSATION DECISIONS |

No individual performance multiplier was applied to the earned bonus for