Commvault Details Executive Pay, Equity Awards in Latest Proxy Filing

TL;DR

Commvault's executive compensation is heavily tied to long-term equity, signaling a commitment to retention and performance that shareholders should watch closely.

AI Summary

Commvault Systems Inc.'s DEF 14A filing, dated June 25, 2025, outlines executive compensation and governance for the fiscal year ending March 31, 2025. The filing details equity awards granted to Persons (PEO) for the fiscal years 2021 through 2025, showing a consistent pattern of long-term incentive alignment. Specifically, the fair value of equity awards granted in the covered year for PEOs was recorded for each fiscal year, indicating ongoing compensation strategies. The document also tracks the year-end fair value of outstanding and unvested equity awards granted to PEOs, as well as changes in fair value of outstanding awards from prior years. This suggests a focus on retaining key executives through multi-year vesting schedules. Furthermore, the vesting date fair value of equity awards granted and vested in the covered year for PEOs is provided, highlighting the realization of compensation. The change in fair value as of the vesting date of prior year equity awards vested in the covered year is also disclosed, reflecting the market performance impact on executive compensation. The filing also includes the fair value as of the prior year-end of equity awards granted in prior years where vesting conditions were fulfilled during the covered year, emphasizing performance-based compensation. Overall, the filing indicates a stable compensation structure designed to incentivize long-term performance and executive retention.

Why It Matters

This DEF 14A filing provides crucial transparency into Commvault's executive compensation practices, directly impacting investor confidence and governance perceptions. Understanding how executives are incentivized, particularly through equity awards, helps investors assess alignment between management and shareholder interests. For employees, these disclosures can influence morale and perceptions of fairness within the company's compensation structure. In the competitive data management software market, Commvault's ability to attract and retain top talent through its compensation strategy is vital for its long-term innovation and market position against rivals like Veeam and Rubrik.

Risk Assessment

Risk Level: low — The filing primarily details executive compensation and governance, which typically presents a low direct financial risk. There are no immediate red flags regarding excessive compensation or unusual equity grants that would suggest a high risk to the company's financial stability or shareholder value based solely on the provided data. The consistent reporting of equity awards across multiple years indicates a standard, transparent approach.

Analyst Insight

Investors should review the detailed compensation tables in the full DEF 14A to understand the specific performance metrics tied to executive equity awards. This information is critical for evaluating whether executive incentives align with long-term shareholder value creation and sustainable growth for Commvault Systems Inc.

Financial Highlights

debt To Equity

N/A

revenue

$N/A

operating Margin

N/A

total Assets

$N/A

total Debt

$N/A

net Income

$N/A

eps

$N/A

gross Margin

N/A

cash Position

$N/A

revenue Growth

N/A

Executive Compensation

Key Numbers

• 2025-06-25 — Filing Date (Date the DEF 14A was filed)
• 2025-03-31 — Fiscal Year End (End of the most recent fiscal year covered by compensation data)
• 001-33026 — SEC File Number (Unique identifier for Commvault's SEC filings)
• 732-870-4000 — Business Phone (Commvault's primary business contact number)

Key Players & Entities

• COMMVAULT SYSTEMS INC (company) — filer of DEF 14A
• SEC (regulator) — recipient of filing
• Veeam (company) — competitor
• Rubrik (company) — competitor
• 0001169561 (dollar_amount) — Central Index Key (CIK)
• TINTON FALLS (location) — Commvault's business city
• NJ (location) — Commvault's business state
• DE (location) — State of incorporation

FAQ

Industry Context

Commvault Systems Inc. operates in the data protection and information management sector, a competitive landscape characterized by evolving cloud technologies, increasing data volumes, and stringent data security requirements. Key trends include the shift towards hybrid and multi-cloud environments, the demand for integrated data management solutions, and the growing importance of ransomware protection and disaster recovery.

Regulatory Implications

As a publicly traded company, Commvault is subject to SEC regulations, including the timely and accurate filing of proxy statements like the DEF 14A. Compliance with executive compensation disclosure rules is critical to maintain investor confidence and avoid potential penalties.

What Investors Should Do

1. Review executive compensation structure for alignment with performance.
2. Analyze the trend in equity awards granted and vested.

Key Dates

• 2025-06-25: DEF 14A Filing Date — Indicates the date the proxy statement, detailing executive compensation and governance, was officially submitted to the SEC.
• 2025-03-31: Fiscal Year End — Marks the end of the fiscal period for which the compensation and governance information is reported.

Glossary

DEF 14A

A proxy statement filed by a company with the SEC detailing information about executive compensation, board of directors, and other corporate governance matters. (This is the primary document analyzed, providing insights into executive pay and company governance.)

PEO

Principal Executive Officer, referring to the top executive(s) of a company. (The filing specifically tracks equity awards granted to these key individuals, highlighting their importance in long-term incentive plans.)

Fair Value

The estimated price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. (Used extensively in the filing to quantify the value of equity awards granted to executives, reflecting their potential compensation.)

Equity Awards

Awards granted to employees, typically executives, in the form of company stock or stock options. (A significant component of executive compensation at Commvault, designed to align executive interests with shareholder value and encourage retention.)

Vesting Date

The date on which an employee gains full ownership rights to an equity award, often subject to continued employment or performance conditions. (Crucial for understanding when executives realize the value of their granted equity and the performance periods involved.)

Year-Over-Year Comparison

The provided text focuses on the current DEF 14A filing and does not contain comparative data from the previous year's filing. Therefore, a direct comparison of key metrics such as revenue growth, margin changes, or new risks cannot be made based solely on this information.

Filing Details

This Form DEF 14A (Form DEF 14A) was filed with the SEC on June 25, 2025 regarding COMMVAULT SYSTEMS INC (CVLT).

View full filing on EDGAR

View Full Filing

View this DEF 14A filing on SEC EDGAR