Abrahamsen Danielle Nicole 4
4 · COMMVAULT SYSTEMS INC · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Commvault (CVLT) Chief Accounting Officer Danielle Abrahamsen Sells Shares
What Happened
Danielle Abrahamsen, Chief Accounting Officer of Commvault Systems (CVLT), had 328 performance stock units vest on May 21, 2026 and subsequently sold a total of 378 shares in two transactions (101 and 277 shares). The 101-share sale on May 22, 2026 generated $10,846; the 277-share sale on May 26, 2026 generated $29,556. The initial 328-share issuance is reported as an award (no purchase price).
Key Details
- Transaction dates & prices:
- 2026-05-21: Award of 328 shares (performance stock units) (footnote F1).
- 2026-05-22: Sale of 101 shares at $107.39 — proceeds $10,846 (footnote F2).
- 2026-05-26: Sale of 277 shares at $106.70 — proceeds $29,556 (footnote F3).
- Total shares sold: 378; total proceeds ≈ $40,402.
- Shares owned after transaction: Not specified on the Form 4.
- Footnotes of note:
- F1: Shares issued on vesting of a performance stock unit award (granted 5/15/2024) tied to TSR vs. the Russell 3000.
- F2: 101 shares were automatically sold to cover tax withholding; proceeds submitted to the IRS.
- F3: The 277-share sale was effected under a pre-existing Rule 10b5-1 trading plan (adopted Feb 17, 2026).
- Filing timeliness: Form filed 2026-05-26 for activities beginning 2026-05-21–05-26; no late filing flag indicated.
Context
The 328 shares came from a performance stock unit award that vested after specified TSR benchmarks were met (per F1). One sale was an automatic sale to cover taxes (routine withholding) and the other was executed under a 10b5-1 plan (prearranged trading). These kinds of sales are commonly administrative or plan-driven and do not, by themselves, indicate management sentiment about the company.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-21+328→ 13,544 total - Sale
Common Stock
[F2]2026-05-22$107.39/sh−101$10,846→ 13,443 total - Sale
Common Stock
[F3]2026-05-26$106.70/sh−277$29,556→ 13,166 total
Footnotes (3)
- [F1]Represents shares issued in connection with the Company's total shareholder return satisfying specified benchmarks relative to the Russell 3000 index pursuant to the terms of a performance stock unit award granted on May 15, 2024.
- [F2]Represents shares automatically sold solely to satisfy tax withholding obligations of reporting person on vesting of performance stock. Proceeds from the sale were submitted to the Internal Revenue Service.
- [F3]The sale reported in this Form 4 was effected pursuant to an existing Rule 10b5-1 trading plan adopted by the Reporting Person on February 17, 2026.