Commvault (CVLT) Director Charles Moran Receives 1,761 RSU Award

What Happened

• Charles E. Moran, a director of Commvault Systems, was granted 1,761 restricted stock units (reported as an acquisition on 2026-08-06) at an acquisition price of $0.00 (total reported value $0). This was an equity award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-08-06; Form 4 filed: 2026-08-10 (filed within the 2-business-day SEC window).
• Transaction type/code: Award/Grant (A) — 1,761 shares @ $0.00; reported total $0.
• Shares owned after the transaction: Not specified in the provided filing summary.
• Footnote: The grant consists of restricted stock units (RSUs). 100% of the RSUs vest on the later of the one-year anniversary of the grant or the date of the 2027 Annual Meeting of Stockholders.
• No 10b5-1 plan, immediate sale, or tax-withholding sale is disclosed in the filing.

Context

• RSUs represent a promise to issue common shares upon vesting and are typically subject to forfeiture until vesting; they do not represent immediate cash proceeds or an open-market trade. Such awards are common as director compensation to align interests with shareholders and do not, by themselves, indicate the insider is buying or selling stock.