Commvault Systems Management

Management criteria checks 2/4

Commvault Systems' CEO is Sanjay Mirchandani, appointed in Feb 2019, has a tenure of 5.75 years. total yearly compensation is $12.11M, comprised of 5.3% salary and 94.7% bonuses, including company stock and options. directly owns 0.48% of the company’s shares, worth €29.74M. The average tenure of the management team and the board of directors is 2 years and 6.3 years respectively.

Key information

Sanjay Mirchandani

Chief executive officer

US$12.1m

Total compensation

CEO salary percentage	5.3%
CEO tenure	5.8yrs
CEO ownership	0.5%
Management average tenure	2yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sanjay Mirchandani's remuneration changed compared to Commvault Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$177m
Jun 30 2024	n/a	n/a	US$175m
Mar 31 2024	US$12m	US$645k	US$169m
Dec 31 2023	n/a	n/a	-US$707k
Sep 30 2023	n/a	n/a	-US$18m
Jun 30 2023	n/a	n/a	-US$27m
Mar 31 2023	US$11m	US$645k	-US$36m
Dec 31 2022	n/a	n/a	US$16m
Sep 30 2022	n/a	n/a	US$26m
Jun 30 2022	n/a	n/a	US$23m
Mar 31 2022	US$11m	US$634k	US$34m
Dec 31 2021	n/a	n/a	US$32m
Sep 30 2021	n/a	n/a	US$24m
Jun 30 2021	n/a	n/a	-US$19m
Mar 31 2021	US$8m	US$506k	-US$31m
Dec 31 2020	n/a	n/a	-US$28m
Sep 30 2020	n/a	n/a	-US$31m
Jun 30 2020	n/a	n/a	US$3m
Mar 31 2020	US$6m	US$500k	-US$6m
Dec 31 2019	n/a	n/a	-US$17m
Sep 30 2019	n/a	n/a	-US$3m
Jun 30 2019	n/a	n/a	US$5m
Mar 31 2019	US$12m	US$77k	US$4m

Compensation vs Market: Sanjay's total compensation ($USD12.11M) is above average for companies of similar size in the German market ($USD3.31M).

Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.

CEO

Sanjay Mirchandani (60 yo)

5.8yrs

Tenure

US$12,107,760

Compensation

Mr. Sanjay Mirchandani serves as President and Chief Executive Officer and Director at Commvault Systems, Inc. since February 5, 2019. He is Independent Director of Itron, Inc. since July 18, 2023. He serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sanjay Mirchandani	President	5.8yrs	US$12.11m	0.48% € 29.7m
Gary Merrill	Chief Commercial Officer	less than a year	US$4.34m	0.22% € 13.5m
Michael Melnyk	Head of Investor Relations	5.3yrs	no data	no data
Danielle Sheer	Chief Legal & Trust Officer and Corporate Secretary	2.8yrs	no data	no data
Anna Griffin	Chief Marketing Officer	1.8yrs	no data	no data
Martha Delehanty	Chief People Officer	4.7yrs	no data	no data
Brian Brockway	CTO & VP	less than a year	no data	no data
Rajiv Kottomtharayil	VP & Chief Product Officer	14.8yrs	no data	no data
Alan Atkinson	Chief Partner Officer	2.2yrs	no data	no data
Richard Gadd	Senior Vice President of Commvault EMEA & India	1.1yrs	no data	no data
Alex Janas	Field Chief Technology Officer-Security	1.1yrs	no data	no data
Anthony Anzevino	Senior Vice President - Americas Field Organization	less than a year	no data	no data

2.0yrs

Average Tenure

53yo

Average Age

Experienced Management: D6I's management team is not considered experienced ( 2 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Sanjay Mirchandani	President	5.8yrs	US$12.11m	0.48% € 29.7m
Keith Geeslin	Independent Director	28.5yrs	US$275.70k	0.14% € 8.5m
Charles Moran	Independent Director	6.3yrs	US$276.95k	0.025% € 1.6m
Martha Bejar	Independent Director	6.3yrs	US$278.95k	0.0099% € 617.8k
Y.Y. Lee	Independent Director	6.8yrs	US$279.45k	0.027% € 1.7m
Nicholas Adamo	Independent Chairman of the Board	6.3yrs	US$366.95k	0.037% € 2.3m
A. Sanders	Independent Director	1.9yrs	US$294.45k	0.012% € 759.2k
Arlen Shenkman	Independent Director	4.4yrs	US$281.45k	0.032% € 2.0m
Allison Pickens	Independent Director	4.4yrs	US$273.20k	0.013% € 801.8k

6.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: D6I's board of directors are considered experienced (6.3 years average tenure).

Commvault Systems Management

Management criteria checks 2/4

Key information

Recent management updates

Chief Commercial Officer recently sold €2.3m worth of stock

President recently sold €4.0m worth of stock

Commvault Appoints Pranay Ahlawat as Chief Technology and AIOfficer

Commvault Systems, Inc. Appoints Toast Executive Jennifer Dirico as Chief Financial Officer, Effective August 12, 2024

Commvault Systems, Inc., Annual General Meeting, Aug 08, 2024

Independent Director recently sold €1.1m worth of stock

Recent updates

Commvault Systems, Inc. Provides Revenue Guidance for the Third Quarter and Full Year Fiscal 2025

Second quarter 2025 earnings released: EPS: US$0.36 (vs US$0.30 in 2Q 2024)

Commvault Launches Cloud Rewind - Transforming How Cloud-First Organizations Rapidly Recover After a Cyberattack

Now 21% undervalued

Commvault Systems, Inc. to Report Q2, 2025 Results on Oct 29, 2024

Commvault Systems, Inc. (NasdaqGS:CVLT) agreed to acquire Clumio, Inc.for $47 million.

Chief Commercial Officer recently sold €2.3m worth of stock

Now 20% undervalued

President recently sold €4.0m worth of stock

Now 30% undervalued

New minor risk - Share price stability

First quarter 2025 earnings released: EPS: US$0.42 (vs US$0.29 in 1Q 2024)

Commvault Systems, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal Year 2025 and Updates Earnings Guidance for the Full Fiscal Year 2025

Commvault Appoints Pranay Ahlawat as Chief Technology and AIOfficer

Commvault Systems, Inc. Appoints Toast Executive Jennifer Dirico as Chief Financial Officer, Effective August 12, 2024

Commvault Systems, Inc. to Report Q1, 2025 Results on Jul 30, 2024

Commvault Systems, Inc., Annual General Meeting, Aug 08, 2024

Independent Director recently sold €1.1m worth of stock

President recently sold €4.7m worth of stock

Commvault Systems, Inc. Announces Resignation of Gary Merrill as Chief Financial Officer

Commvault Systems, Inc. (NasdaqGS:CVLT) completed the acquisition of Appranix, Inc. for approximately $26 million.

Independent Director recently sold €580k worth of stock

Commvault Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year Fiscal 2025

Full year 2024 earnings released: EPS: US$3.85 (vs US$0.80 loss in FY 2023)

Commvault Announces New Era in Cleanroom Technology

Commvault Systems, Inc. (NasdaqGS:CVLT) completed the acquisition of Appranix, Inc.

Commvault Systems, Inc. (NasdaqGS:CVLT) completed the acquisition of Appranix, Inc.

Commvault Appoints Ashley Baird as Managing Director of Market Expansion

Commvault Systems, Inc. to Report Q4, 2024 Results on Apr 30, 2024

President recently sold €1.9m worth of stock

President recently sold €548k worth of stock

Third quarter 2024 earnings released: EPS: US$0.39 (vs US$0.007 loss in 3Q 2023)

Commvault Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Fiscal 2024

Commvault Systems, Inc. to Report Q3, 2024 Results on Jan 30, 2024

Commvault Systems, Inc. Appoints Anthony Anzevino as Senior Vice President for Americas Field Organization

President recently sold €1.6m worth of stock

Commvault Systems, Inc. Introduces the First True Cloud Platform for Cyber Resilience in the Hybrid Enterprise: The Commvault Cloud, Powered by Metallic AI

Commvault Systems, Inc. Provides Earnings Guidance for the Third Quarter and Full Year Fiscal 2024

Second quarter 2024 earnings released: EPS: US$0.30 (vs US$0.10 in 2Q 2023)

Commvault Appoints Melissa Hathaway as Strategic Advisor and Serve as the Chairperson

Commvault Earns IRAP Certification, Meeting the Highest Security and Integrity Protocols Set by the Australian Government Required

Commvault Systems, Inc. Appoints Alex Janas as Field Chief Technology Officer, Security

Commvault and Lenovo Simplify Enterprise Data Protection and Speed Recovery in the Hybrid Cloud

Commvault Appoints Richard Gadd as Senior Vice President of EMEA and India

Commvault Appoints Richard Gadd as Senior Vice President of EMEA and India

Commvault Welcomes Sarv Saravanan as Chief Customer Officer

President recently sold €509k worth of stock

Commvault Systems, Inc. Provides Earnings Guidance for the Second Quarter for Fiscal Year 2024

First quarter 2024 earnings released: EPS: US$0.29 (vs US$0.078 in 1Q 2023)

Commvault Systems, Inc., Annual General Meeting, Aug 29, 2023

Commvault Systems, Inc. to Report Q1, 2024 Results on Aug 01, 2023

Commvault Systems, Inc. to Report Q1, 2024 Results on Aug 01, 2023

Insufficient new directors

VP & Chief Revenue Officer recently sold €1.4m worth of stock

Commvault Systems, Inc. Announces Resignation of James Whalen as Chief Accounting Officer, Effective August 17, 2023

Commvault Systems, Inc. Announces New Security Capabilities Across Its Entire Portfolio

VP & Chief Revenue Officer recently sold €325k worth of stock

Full year 2023 earnings released: US$0.80 loss per share (vs US$0.74 profit in FY 2022)

VP & Chief Revenue Officer recently sold €500k worth of stock

Third quarter 2023 earnings released: US$0.007 loss per share (vs US$0.22 profit in 3Q 2022)

Commvault Appoints Anna Griffin as Its New Chief Marketing Officer

Now 21% undervalued after recent price drop

Commvault Systems, Inc. to Report Q3, 2023 Results on Jan 31, 2023

Commvault Systems, Inc. Appoints Shane Sanders to Its Board of Directors

Independent Director recently sold €518k worth of stock

Commvault Systems, Inc. Provides Revenue Guidance for the Third Quarter of Fiscal 2023

Second quarter 2023 earnings released: EPS: US$0.10 (vs US$0.038 in 2Q 2022)

Commvault Simplifies and Automates Cloud Protection for Enterprise Kubernetes Workloads

Commvault Systems, Inc. to Report Q2, 2023 Results on Nov 01, 2022