Company: CVLT
Filing Date: 2025-06-25
Form Type: DEF 14A
Source: 0001169561-25-000059
Chunk: 46

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-06-25
Form: DEF 14A
Chunk 46
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 |              |     | 11,240,243 |
| Disability                                                                                                                  |     |                  |     |           — |     |         — |                         |     | 11,240,243(2) |                   |     |      — |              |     | 11,240,243 |
| Involuntary termination without cause or with good reason                                                                   |     |                  |     |     460,000 |     |         — |                         |     | 6,820,754(3)  |                   |     | 38,004 |              |     |  7,318,758 |
| Involuntary termination without cause or with good reason in connection with a change in control                            |     |                  |     |     460,000 |     |         — |                         |     | 11,240,243(2) |                   |     | 38,004 |              |     | 11,738,247 |

1. Amounts in this column describe the value of RSU awards and PSU awards that would vest upon the triggering event described in the leftmost column, based on a closing price of $157.76 per share of our common stock on March 31, 2025.

As described in the NEOs’ respective employment agreements upon death or disability, all outstanding RSU awards and PSU awards would become immediately vested. Any stock awards with performance conditions that are not yet determinable (such as if the performance measurement period has not been completed) will be deemed to have been earned at 100% of target and will be payable in accordance with their terms.

2. As described in the NEOs’ respective employment agreements or change in control agreements, upon death, disability, or involuntary termination by the Company without cause or by the NEO for good reason, in each case, on or within the two years following a change in control, all outstanding RSU awards and PSU awards would become immediately vested. Any stock awards with performance conditions that are not yet determinable (such as if the performance measurement period has not been completed) will be deemed to have been earned at 100% of target and will be payable in accordance with their terms.

3. As described in the NEOs’ respective employment agreements, involuntary termination by the Company without cause or by the NEO for good reason other than within two years following a change in control would result in the vesting of RSUs and PSU awards that would have vested had the NEO remained with the Company an additional year.