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cvlt:StockAwardsAndOptionAwardsGrantedInFiscalYearsThatFailedToMeetApplicableVestingConditionsMember ecd:NonPeoNeoMember 2022-04-01 2023-03-31 0001169561 1 2022-04-01 2023-03-31 0001169561 2 2022-04-01 2023-03-31 0001169561 3 2022-04-01 2023-03-31 0001169561 4 2022-04-01 2023-03-31 iso4217:USD COMMVAULT SYSTEMS INC 0001169561 PRE 14A false <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.861%"><tr><td style="width:1.0%"></td><td style="width:6.549%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.000%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.000%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.000%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.000%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.278%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.281%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;text-indent:6pt;vertical-align:bottom">Value on Initial Fixed $100 Investment(3)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-indent:6pt">Year(1)</div></td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">Summary Compensation Table Total for PEO</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">Compensation Actually paid for PEO(2)</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">Average Summary Compensation Table Total for Non-PEO NEOs</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">Average Compensation Actually paid for by Non-PEO NEOs(2)</td><td colspan="3" style="border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">Total Shareholder Return</td><td colspan="3" style="border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">Peer Group Total Shareholder Return(4)</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">Net Income /(Loss)</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right;text-indent:6pt">Revenue(5)</div></td></tr><tr><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">2023</td><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$10,852,803</td><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$8,128,462</td><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$3,237,743</td><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$1,706,699</td><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$140</td><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$189</td><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$(35,774,000)</td><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$784,590,000</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">2022</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$10,760,212</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$11,275,932</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$3,342,790</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$3,534,151</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$164</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$211</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$33,624,000</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$769,591,000</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">2021</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$8,004,986</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$15,975,930</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$2,696,751</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$4,763,212</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$159</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$175</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$(30,954,000)</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$723,472,000</td></tr></table> Revenue 10852803 8128462 3237743 1706699 140 189

-35774000

784590000 10760212 11275932 3342790 3534151 164 211

33624000

769591000 8004986 15975930 2696751 4763212 159 175

-30954000

723472000 During fiscal years 2023, 2022 and 2021, our PEO and non-PEO NEOs were as follows:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:76.666%"><tr><td style="width:1.0%"></td><td style="width:10.313%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.508%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:54.879%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-indent:6pt">Year</div></td><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:6pt;vertical-align:bottom">PEO (CEO)</td><td colspan="3" style="padding:2px 1pt;text-align:left;text-indent:6pt;vertical-align:bottom">Non-PEO NEOs</td></tr><tr><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">2023</td><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">Sanjay Mirchandani</td><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">Gary Merrill, Riccardo Di Blasio, Brian Carolan</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">2022</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">Sanjay Mirchandani</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">Riccardo Di Blasio, Brian Carolan</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">2021</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">Sanjay Mirchandani</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">Riccardo Di Blasio, Brian Carolan</td></tr></table> Sanjay Mirchandani Sanjay Mirchandani Sanjay Mirchandani The dollar amounts reported in these columns represent the amount of “compensation actually paid” to our PEO and Non-PEO NEOs in each respective year. The dollar amounts do not reflect the actual amount of compensation earned or received during the applicable fiscal year. There are no material differences between the assumptions used to compute the valuation of the equity awards for calculating the compensation actually paid from the assumptions used to compute the valuation of such equity awards as of the grant date. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the total compensation of our PEO and non-PEO NEOs for each year to determine the “compensation actually paid”:<div style="padding-left:18pt;padding-right:18pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.611%"><tr><td style="width:1.0%"></td><td style="width:2.460%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.511%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.808%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.876%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.217%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="border-bottom:1pt solid #e14a6a;padding:2px 1pt;text-align:left;text-indent:6pt;vertical-align:bottom">PEO</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:0 1pt 0 6.3pt"></td><td colspan="9" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:left;vertical-align:middle">Summary Compensation Table - Total Compensation</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$8,004,986</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$10,760,212</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$10,852,803</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">-</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$6,336,511</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$9,413,382</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$9,722,388</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="background-color:#dde9f2;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$12,444,339</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$10,030,014</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$9,814,556</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$1,386,721</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(616,535)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(1,773,893)</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="background-color:#dde9f2;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$476,395</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$515,623</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(1,042,616)</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">-</td><td colspan="9" style="background-color:#dde9f2;border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">=</td><td colspan="9" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:left;vertical-align:middle">Compensation Actually Paid</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$15,975,930</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$11,275,932</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$8,128,462</td></tr></table></div><div> </div><div style="padding-left:18pt;padding-right:18pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.611%"><tr><td style="width:1.0%"></td><td style="width:2.460%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.511%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.808%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.876%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.217%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="border-bottom:1pt solid #e14a6a;padding:2px 1pt;text-align:left;text-indent:6pt;vertical-align:bottom">NEO Average</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:0 1pt 0 6.3pt"></td><td colspan="9" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:left;vertical-align:middle">Summary Compensation Table - Total Compensation</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$2,696,751</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$3,342,790</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$3,237,743</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">-</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$1,808,753</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$2,491,707</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$2,559,448</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="background-color:#dde9f2;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$3,552,227</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$2,655,470</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$2,185,843</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$296,856</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(165,930)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(924,865)</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="background-color:#dde9f2;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$287,324</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$26,131</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$193,528</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(209,402)</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">-</td><td colspan="9" style="background-color:#dde9f2;border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$310,496</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">=</td><td colspan="9" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:left;vertical-align:middle">Compensation Actually Paid</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$4,763,212</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$3,534,151</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$1,706,699</td></tr></table></div> The dollar amounts reported in these columns represent the amount of “compensation actually paid” to our PEO and Non-PEO NEOs in each respective year. The dollar amounts do not reflect the actual amount of compensation earned or received during the applicable fiscal year. There are no material differences between the assumptions used to compute the valuation of the equity awards for calculating the compensation actually paid from the assumptions used to compute the valuation of such equity awards as of the grant date. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the total compensation of our PEO and non-PEO NEOs for each year to determine the “compensation actually paid”:<div style="padding-left:18pt;padding-right:18pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.611%"><tr><td style="width:1.0%"></td><td style="width:2.460%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.511%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.808%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.876%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.217%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="border-bottom:1pt solid #e14a6a;padding:2px 1pt;text-align:left;text-indent:6pt;vertical-align:bottom">PEO</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:0 1pt 0 6.3pt"></td><td colspan="9" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:left;vertical-align:middle">Summary Compensation Table - Total Compensation</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$8,004,986</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$10,760,212</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$10,852,803</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">-</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$6,336,511</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$9,413,382</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$9,722,388</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="background-color:#dde9f2;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$12,444,339</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$10,030,014</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$9,814,556</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$1,386,721</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(616,535)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(1,773,893)</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="background-color:#dde9f2;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$476,395</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$515,623</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(1,042,616)</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">-</td><td colspan="9" style="background-color:#dde9f2;border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">=</td><td colspan="9" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:left;vertical-align:middle">Compensation Actually Paid</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$15,975,930</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$11,275,932</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$8,128,462</td></tr></table></div><div> </div><div style="padding-left:18pt;padding-right:18pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.611%"><tr><td style="width:1.0%"></td><td style="width:2.460%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.511%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.808%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.876%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.217%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="border-bottom:1pt solid #e14a6a;padding:2px 1pt;text-align:left;text-indent:6pt;vertical-align:bottom">NEO Average</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:6pt;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:0 1pt 0 6.3pt"></td><td colspan="9" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:left;vertical-align:middle">Summary Compensation Table - Total Compensation</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$2,696,751</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$3,342,790</td><td colspan="3" style="background-color:#dde9f2;border-top:1pt solid #e14a6a;padding:2px 1pt;text-align:right;vertical-align:middle">$3,237,743</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">-</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$1,808,753</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$2,491,707</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$2,559,448</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="background-color:#dde9f2;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$3,552,227</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$2,655,470</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$2,185,843</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$296,856</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(165,930)</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(924,865)</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="background-color:#dde9f2;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$287,324</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">+</td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle">Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$26,131</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$193,528</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">$(209,402)</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">-</td><td colspan="9" style="background-color:#dde9f2;border-bottom:1pt solid #0b2e44;padding:2px 1pt;text-align:left;vertical-align:middle">Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$—</td><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt;text-align:right;vertical-align:middle">$310,496</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">=</td><td colspan="9" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:left;vertical-align:middle">Compensation Actually Paid</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$4,763,212</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$3,534,151</td><td colspan="3" style="border-bottom:1pt solid #0b2e44;border-top:1pt solid #0b2e44;padding:2px 1pt;text-align:right;vertical-align:middle">$1,706,699</td></tr></table></div> 8004986 10760212 10852803 6336511 9413382 9722388 12444339 10030014 9814556 1386721 -616535 -1773893 0 0 0 476395 515623 -1042616 0 0 0 15975930 11275932 8128462 2696751 3342790 3237743 1808753 2491707 2559448 3552227 2655470 2185843 296856 -165930 -924865 0 0 287324 26131 193528 -209402 0 0 310496 4763212 3534151 1706699 Pursuant to SEC rules, the comparison assumes $100 was invested on March 31, 2020. Historical stock price performance is not necessarily indicative of future stock price performance.The measure has been designated as the “Company-Selected Measure” for fiscal year 2023, in accordance with SEC rules, and represents the most important financial performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to our NEOs in fiscal year 2023. The Total Shareholder Return Peer Group consists of the companies included in the NASDAQ Computer Index. <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:50.416%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-indent:6pt">Company Performance Measures</div></td></tr><tr><td colspan="3" style="border-top:1pt solid #e14a6a;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">Revenue</td></tr><tr><td colspan="3" style="background-color:#dde9f2;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">Non-GAAP EBIT</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">Relative Total Shareholder Return</td></tr><tr><td colspan="3" style="background-color:#dde9f2;border-bottom:1pt solid #0b2e44;padding:2px 1pt 2px 6.3pt;text-align:left;vertical-align:middle">ARR</td></tr></table> Revenue Non-GAAP EBIT Relative Total Shareholder Return ARR <div style="margin-top:3pt">The following graph illustrates the relationship between compensation actually paid to our PEO and our non-PEO NEOs and our TSR for the period presented in the Pay-Versus-Performance table. </div><div style="margin-bottom:9pt;margin-top:9.9pt;text-align:center;text-indent:18pt"><img alt="2199023272596" src="cvlt-20230630_g42.jpg" style="height:350px;margin-bottom:5pt;vertical-align:text-bottom;width:600px"/></div> <div style="margin-top:3pt">The following graph illustrates the relationship between compensation actually paid to our PEO and our non-PEO NEOs and our TSR for the period presented in the Pay-Versus-Performance table. </div><div style="margin-bottom:9pt;margin-top:9.9pt;text-align:center;text-indent:18pt"><img alt="2199023272596" src="cvlt-20230630_g42.jpg" style="height:350px;margin-bottom:5pt;vertical-align:text-bottom;width:600px"/></div> <div style="margin-top:3pt">The following graph illustrates the relationship between compensation actually paid to our PEO and our non-PEO NEOs and our net income for the period presented in the Pay-Versus-Performance table.</div><div style="margin-bottom:9pt;margin-top:9.9pt;text-align:center;text-indent:18pt"><img alt="2199023272606" src="cvlt-20230630_g43.jpg" style="height:350px;margin-bottom:5pt;vertical-align:text-bottom;width:600px"/></div> <div style="margin-top:3pt">The following graph illustrates the relationship between compensation actually paid to our PEO and our non-PEO NEOs and our revenue for the period presented in the Pay-Versus-Performance table.</div><div style="margin-bottom:9pt;margin-top:9.9pt;text-align:center;text-indent:18pt"><img alt="2199023272617" src="cvlt-20230630_g44.jpg" style="height:350px;margin-bottom:5pt;vertical-align:text-bottom;width:600px"/></div>