Company: CVLT
Filing Date: 2025-06-25
Form Type: DEF 14A
Source: 0001169561-25-000059
Chunk: 32

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-06-25
Form: DEF 14A
Chunk 32
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                       |     | 34,168 |                |     |        34,168 |
| Jen DiRico         |     | $6.0 million  |     | 26,168 |                       |     |  6,542 |                |     |         6,542 |
| Gary Merrill       |     | $4.5 million  |     | 16,400 |                       |     | 12,300 |                |     |        12,300 |

Annual long-term incentive awards granted to Messrs. Mirchandani and Merrill were approved in May 2024. Long-term incentive awards granted to Ms. DiRico were approved and granted in connection with her appointment as our CFO in August 2024. Ms. DiRico’s long-term incentives were allocated approximately 67% to time-vesting RSUs and 33% to PSUs, equally weighted between relative TSR and financial PSU awards. Other terms of the RSUs and PSUs granted to Ms. DiRico, including the vesting and performance targets applicable to PSUs, are the same as the terms applicable to the annual long-term incentives awarded to our other NEOs.

In determining the number of shares granted to each NEO, the TMCC converted the target value of each award to a number of units based on the 5-trading day average closing price of our common stock prior to the grant date.

#### Relative TSR PSU Awards
The Relative TSR PSU awards granted to our NEOs in fiscal 2025 will be earned (or not) based on our TSR measured relative to the components of the Russell 3000 Index over three equally weighted overlapping one-year, two-year, and three-year performance periods. The payout opportunities for the Relative TSR PSU awards are as follows:

| Relative TSR Percentile Rank |     | % of Target PSU Earned |
| < 25th                       |     | 0%                     |
| 25th                         |     | 50%                    |
| 50th                         |     | 100%                   |
| 75th                         |     | 150%                   |
| 85th                         |     | 200%                   |
| 90th                         |     | 250%                   |
| 95th                         |     | 300%                   |

Scale is linear between shown points.

Regardless of Commvault’s relative TSR performance, earned shares cannot exceed 100% of target if the Company’s stock price is lower at the end of the performance