Commvault (CVLT) Director Nicola Adamo Receives Award of 1,761 RSUs

What Happened
Nicola Adamo, a director of Commvault Systems, received an award of 1,761 restricted stock units (RSUs) on 2026-08-06. The grant price is reported as $0.00 (an equity award rather than a market purchase), so the reported acquisition value is $0.

Key Details

• Transaction date: 2026-08-06; Form 4 filed: 2026-08-10 (filed four days after the transaction date). This may exceed the SEC’s usual two-business-day Form 4 filing window.
• Type: Award/Grant (code A) — 1,761 RSUs granted at $0.00.
• Vesting: 100% vest on the later of the one-year anniversary of the grant or the date of the 2027 Annual Meeting of Stockholders (per filing footnote).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• No sale or purchase of shares occurred; this is a non-cash equity award.

Context
RSU grants are common long-term incentive compensation for executives and directors. They represent a promise to deliver shares upon vesting and are not the same as an open-market purchase (which some investors view as a stronger bullish signal). The vesting schedule here ties full vesting to time/ the 2027 annual meeting, so the award’s economic benefit depends on continued service and future vesting.