Form 4: Commvault Systems Director Allison Pickens Reports Acquisition of Restricted Stock Units

Director Allison Pickens reports acquisition of 1,530 restricted stock units in Commvault Systems, Inc.

Summary

• On August 8, 2024, Allison Pickens, a director of Commvault Systems Inc., acquired 1,530 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted at a price of $0.
• Following the transaction, Pickens beneficially owns 8,363 shares of Commvault Systems Inc.
• The restricted stock units will vest on the later of August 8, 2025, or the date of the 2025 Annual Meeting of Shareholders.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of restricted stock units by a director generally indicates confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The vesting of the restricted stock units is tied to the 2025 Annual Meeting of Shareholders, suggesting a continued involvement and interest in the company's performance until at least that time.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates