Abrahamsen Danielle Nicole 4
4 · COMMVAULT SYSTEMS INC · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
Commvault (CVLT) Chief Accounting Officer Danielle Abrahamsen Receives Award
What Happened
Danielle Nicole Abrahamsen, Chief Accounting Officer of Commvault Systems, was recorded on 2026-04-22 as acquiring 1,258 performance stock units (PSUs). The filing shows this as a derivative award (no open-market price). Each PSU represents the right to receive one share of Commvault common stock; the units were part of a grant originally dated May 15, 2025 and are still subject to additional time-based vesting.
Key Details
- Transaction date: 2026-04-22 (Form 4 filed 2026-04-24 — filing appears timely).
- Transaction type: Award/Grant of derivative securities (PSUs); price reported as N/A.
- Shares/units granted: 1,258 PSUs (each PSU = one common share upon settlement).
- Vesting: 33% vests on the first anniversary of the grant date (May 15, 2026); then 8.375% vests at the end of each successive three-month period thereafter.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: PSUs reflect the number determined earned under performance criteria but remain subject to time-based vesting.
Context
This was a grant of performance-based, time-vesting units — not a purchase or sale of marketable shares. Such awards compensate and retain executives and do not by themselves indicate intent to buy or sell stock in the open market.
Insider Transaction Report
- Award
Performance Stock Units
[F1]2026-04-22+1,258→ 1,258 total→ Common Stock (1,258 underlying)
Footnotes (1)
- [F1]Granted on May 15, 2025, represents the number of shares determined to have been earned based upon the performance criteria and that remain subject to additional time-based vesting criteria. 33% of these performance stock units ("PSUs") will vest on the first anniversary of the grant date and 8.375% will vest at the end of each successive three-month period thereafter. Each PSU represents the right to receive one share of common stock.