Commvault Systems Management
Management criteria checks 3/4
Commvault Systems' CEO is Sanjay Mirchandani, appointed in Feb 2019, has a tenure of 5.5 years. total yearly compensation is $12.11M, comprised of 5.3% salary and 94.7% bonuses, including company stock and options. directly owns 0.51% of the company’s shares, worth $34.36M. The average tenure of the management team and the board of directors is 2 years and 6 years respectively.
Key information
Sanjay Mirchandani
Chief executive officer
US$12.1m
Total compensation
| CEO salary percentage | 5.3% |
| CEO tenure | 5.5yrs |
| CEO ownership | 0.5% |
| Management average tenure | 2yrs |
| Board average tenure | 6yrs |
Recent management updates
Recent updates
It Looks Like Shareholders Would Probably Approve Commvault Systems, Inc.'s (NASDAQ:CVLT) CEO Compensation Package
Aug 01
Commvault Systems: Leveraging SaaS Growth And Cyber Resilience For Future Market Domination
Jul 15Unpleasant Surprises Could Be In Store For Commvault Systems, Inc.'s (NASDAQ:CVLT) Shares
May 31Commvault Systems, Inc. (NASDAQ:CVLT) Shares Could Be 38% Below Their Intrinsic Value Estimate
Apr 24Commvault: Decent Secular Tailwinds, But Appears Fully Valued
Apr 02Results: Commvault Systems, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Feb 01Commvault: Low Conversions Are A Concern
Jan 19Is Commvault Systems, Inc. (NASDAQ:CVLT) Trading At A 37% Discount?
Jan 15Commvault Systems, Inc.'s (NASDAQ:CVLT) Share Price Not Quite Adding Up
Dec 19Commvault Systems, Inc. (NASDAQ:CVLT) Shares Could Be 38% Below Their Intrinsic Value Estimate
Oct 02Calculating The Fair Value Of Commvault Systems, Inc. (NASDAQ:CVLT)
Jun 20Commvault Systems, Inc.'s (NASDAQ:CVLT) Business Is Trailing The Industry But Its Shares Aren't
May 08Is Commvault Systems, Inc. (NASDAQ:CVLT) Trading At A 26% Discount?
Jan 30Is Now The Time To Put Commvault Systems (NASDAQ:CVLT) On Your Watchlist?
Jan 09CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 US market ($USD8.27M).
Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.
CEO
Sanjay Mirchandani (60 yo)
5.5yrs
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 |
|---|---|---|---|---|
| President | 5.5yrs | US$12.11m | 0.51% $ 34.4m | |
| Chief Financial Officer | 2.1yrs | US$4.34m | 0.063% $ 4.2m | |
| Head of Investor Relations | 5.1yrs | no data | no data | |
| Chief Legal & Trust Officer and Corporate Secretary | 2.6yrs | no data | no data | |
| Chief Marketing Officer | 1.5yrs | no data | no data | |
| Chief People Officer | 4.4yrs | no data | no data | |
| CTO & VP | less than a year | no data | no data | |
| VP & Chief Product Officer | 14.6yrs | no data | no data | |
| Chief Partner Officer | 1.9yrs | no data | no data | |
| Senior Vice President of Commvault EMEA & India | less than a year | no data | no data | |
| Field Chief Technology Officer-Security | less than a year | no data | no data | |
| Senior Vice President - Americas Field Organization | less than a year | no data | no data |
2.0yrs
Average Tenure
53yo
Average Age
Experienced Management: CVLT's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.5yrs | US$12.11m | 0.51% $ 34.4m | |
| Independent Director | 28.3yrs | US$275.70k | 0.12% $ 8.0m | |
| Independent Director | 6.1yrs | US$276.95k | 0.018% $ 1.2m | |
| Independent Director | 6.1yrs | US$278.95k | 0.0027% $ 180.2k | |
| Independent Director | 6.5yrs | US$279.45k | 0.024% $ 1.6m | |
| Independent Chairman of the Board | 6yrs | US$366.95k | 0.034% $ 2.3m | |
| Independent Director | 1.7yrs | US$294.45k | 0.0050% $ 331.5k | |
| Independent Director | 4.2yrs | US$281.45k | 0.025% $ 1.7m | |
| Independent Director | 4.2yrs | US$273.20k | 0.0084% $ 565.3k |
6.0yrs
Average Tenure
60.5yo
Average Age
Experienced Board: CVLT's board of directors are considered experienced (6 years average tenure).