Company: CVLT
Filing Date: 2025-06-25
Form Type: DEF 14A
Source: 0001169561-25-000059
Chunk: 21

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-06-25
Form: DEF 14A
Chunk 21
---
 executive compensation program and the related philosophy, policies, and practices. We encourage you to vote FOR the following resolution:

“RESOLVED, that the compensation paid to Commvault’s NEOs, as disclosed pursuant to the compensation disclosure rules of the SEC, including the Compensation Discussion and Analysis, compensation tables, and any related material disclosed in Commvault’s proxy statement, is hereby APPROVED.”

The say-on-pay vote is advisory, and therefore not binding on our Company, the TMCC, or the Board of Directors. However, the Board of Directors and the TMCC value the opinions of our stockholders. If the voting results indicate there is any significant concern about our executive officer compensation program, we will consider those concerns and evaluate whether any actions are necessary to address them.

Because this is a non-binding, advisory vote, there is no specific approval requirement. However, the Board of Directors will consider that the stockholders have approved executive compensation on an advisory basis if this proposal receives the affirmative vote of a majority of the votes cast (in person or by proxy).

The Board of Directors recommends that you vote FOR the approval of Commvault’s executive compensation.

#### 27COMMVAULT SYSTEMS, INC. |2025 PROXY STATEMENT
Table of Contents

### Compensation Discussion and Analysis
This section discusses the compensation of the following NEOs, who served as executive officers during the fiscal year ended on March 31, 2025.

On August 12, 2024, Ms. DiRico was appointed CFO, succeeding Mr. Merrill, who assumed the role of Chief Commercial Officer, (“CCO”) on July 1, 2024, while still maintaining his CFO responsibilities until Ms. DiRico joined.

| Table of Contents                                                     |     |    |
| Compensation Discussion and Analysis                                  |     | 28 |
| Executive Summary                                                     |     | 29 |
| Compensation Tables                                                   |     | 41 |
| Summary Compensation Table                                            |     | 41 |
| Fiscal 2025 Grants of Plan-Based Awards Table                         |     | 42 |
| Fiscal 2025 Outstanding Equity Awards at Fiscal Year End Table        |     | 43 |
| Fiscal 2025 Stock Vested Table                                        |     | 44 |
| Pension Benefits and Deferred Compensation                            |     | 44 |
| IndividualAgreements                                                  |     | 44 |
| Change in Control Agreements                                          |     | 45 |
| Estimated Payments and Benefits upon Termination or Change in Control |     | 46 |
|