Form 4: Commvault CFO Gary Merrill Sells Shares
SEC Filing
Gary Merrill, CFO of Commvault Systems Inc, sold 661 shares of common stock at a price of $110.58 on May 23, 2024.
Summary
- On May 23, 2024, Gary Merrill, the Chief Financial Officer of Commvault Systems Inc, sold 661 shares of the company's common stock.
- The sale was executed at a price of $110.58 per share.
- Following the transaction, Merrill directly owns 114,373 shares of Commvault common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of stock sale transaction |
| 05/24/2024 | Date of signature on the Form 4 filing |
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