Company: CVLT
Filing Date: 2025-06-25
Form Type: DEF 14A
Source: 0001169561-25-000059
Chunk: 30

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-06-25
Form: DEF 14A
Chunk 30
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 our NEOs. As a result, the NEOs received the annual incentive bonuses shown below.

|                    |     |    Target Annual Cash 
 Incentive Opportunity |     | Percentage of Target    
 Annual Incentive Earned |     |    Actual Annual 
 Incentive Earned |
| Sanjay Mirchandani |     |              $806,250 |     | 200.0%                  |     |       $1,612,500 |
| Jen DiRico(1)      |     |              $315,000 |     | 200.0%                  |     |         $398,790 |
| Gary Merrill(2)    |     |              $425,500 |     | 200.0%                  |     |         $851,000 |

1. M s. DiRico’s annual incentive was pro-rated based on her appointment date effective August 12, 2024.

2. Mr. Merrill’s bonus for the year reflects his overall payout for the year, including pro-rated participation in our Fiscal 2025 AIP and payouts relative to quarterly revenue and non-GAAP EBIT goals for the remainder of the year.

#### LONG-TERM EQUITY INCENTIVE AWARDS
We provide long-term equity incentive awards pursuant to our 2016 Incentive Plan, which is designed to provide plan participants with appropriate incentives to achieve long-range goals and to align participants’ interests with those of our stockholders. The 2016 Incentive Plan permits the grant of stock options, stock appreciation rights (“SARs”), restricted stock awards, performance stock awards, and other forms of equity based on, or related to, shares of our common stock, and cash incentive awards that are contingent on performance.

Generally, new executive officers receive a significant equity award when they commence employment. The size of each equity award is set at a level that we believe is appropriate to create a meaningful opportunity for stock ownership based upon our equity award grant guidelines, the individual’s position with Commvault, and the individual’s potential for future responsibility and promotion. The relative weight given to each of these factors varies from individual to individual. All equity awards granted to our executive officers are approved by the TMCC.

When annual equity awards are granted, typically in May of each year, the TMCC bases grants on an evaluation of each executive officer’s performance during the prior fiscal year, as well as our overall corporate financial performance. The terms of annual awards and the number and form of awards granted are designed