Company: CVLT
Filing Date: 2025-06-25
Form Type: DEF 14A
Source: 0001169561-25-000059
Chunk: 34

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-06-25
Form: DEF 14A
Chunk 34
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 the benchmark. As a result, the TMCC certified a payout equal to 200% of target for the portion of the Relative TSR PSU awards related to the second annual tranche.

For the three-year performance period of the May 2022 award that ended May 16, 2025, our total stockholder return of 174.41% was positioned at the 96 th percentile of the benchmark. As a result, the TMCC certified a payout equal to 200% of target for the portion of the Relative TSR PSU awards related to the third annual tranche.

#### 37COMMVAULT SYSTEMS, INC. |2025 PROXY STATEMENT
Table of Contents

| CD&A  |FISCAL YEAR 2025 COMPENSATION DECISIONS |

### Financial PSU awards
The Financial PSUs granted to our NEOs in fiscal 2025 were eligible to be earned based on our level of achievement against total annualized recurring revenue (“ARR”) goals established at the beginning of fiscal 2025 and measured over a one-year performance period.

| Achievement     |     | ARR Achievement |     | ARR Achievement 
 (% of Target)   |     | % of Target PSU Earned |
| Below Threshold |     | < $802 million  |     | <87%            |     | —%                     |
| Threshold       |     | $802 million    |     | 87%             |     | 50%                    |
| Target          |     | $922 million    |     | 100%            |     | 100%                   |
| Maximum         |     | $1,226 million  |     | 133%            |     | 300%                   |

In the event that our actual performance exceeds target, the payout expressed as a percent of target will increase by 6% of each 1% of incremental ARR performance above target up to a maximum payout equal to 300%.

Our actual ARR achievement for fiscal 2025 was equal to 100.9% of target. As a result, the TMCC certified a payout equal to 105% of the target number of shares. Any shares earned based on our actual one-year financial performance were to vest 33.3% on the first anniversary of the grant date and an additional 8.375% quarterly thereafter until fully vested.

### OTHER BENEFITS
Our executive officers participate in retirement, health and welfare benefit programs that are substantially the same as the benefits for all other eligible Commvault employees. These benefits