Cover
Cover | 12 Months Ended |
Mar. 31, 2023 | |
Document Information [Line Items] | |
Document Type | PRE 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | COMMVAULT SYSTEMS INC |
Entity Central Index Key | 0001169561 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2021 | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | Value on Initial Fixed $100 Investment(3) Year(1) Summary Compensation Table Total for PEO Compensation Actually paid for PEO(2) Average Summary Compensation Table Total for Non-PEO NEOs Average Compensation Actually paid for by Non-PEO NEOs(2) Total Shareholder Return Peer Group Total Shareholder Return(4) Net Income /(Loss) Revenue(5) 2023 $10,852,803 $8,128,462 $3,237,743 $1,706,699 $140 $189 $(35,774,000) $784,590,000 2022 $10,760,212 $11,275,932 $3,342,790 $3,534,151 $164 $211 $33,624,000 $769,591,000 2021 $8,004,986 $15,975,930 $2,696,751 $4,763,212 $159 $175 $(30,954,000) $723,472,000 | ||
Company Selected Measure Name | Revenue | ||
Named Executive Officers, Footnote [Text Block] | During fiscal years 2023, 2022 and 2021, our PEO and non-PEO NEOs were as follows: Year PEO (CEO) Non-PEO NEOs 2023 Sanjay Mirchandani Gary Merrill, Riccardo Di Blasio, Brian Carolan 2022 Sanjay Mirchandani Riccardo Di Blasio, Brian Carolan 2021 Sanjay Mirchandani Riccardo Di Blasio, Brian Carolan | ||
Peer Group Issuers, Footnote [Text Block] | The Total Shareholder Return Peer Group consists of the companies included in the NASDAQ Computer Index. | ||
PEO Total Compensation Amount | $ 10,852,803 | $ 10,760,212 | $ 8,004,986 |
PEO Actually Paid Compensation Amount | $ 8,128,462 | 11,275,932 | 15,975,930 |
Adjustment To PEO Compensation, Footnote [Text Block] | The dollar amounts reported in these columns represent the amount of “compensation actually paid” to our PEO and Non-PEO NEOs in each respective year. The dollar amounts do not reflect the actual amount of compensation earned or received during the applicable fiscal year. There are no material differences between the assumptions used to compute the valuation of the equity awards for calculating the compensation actually paid from the assumptions used to compute the valuation of such equity awards as of the grant date. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the total compensation of our PEO and non-PEO NEOs for each year to determine the “compensation actually paid”: PEO 2021 2022 2023 Summary Compensation Table - Total Compensation $8,004,986 $10,760,212 $10,852,803 - Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year $6,336,511 $9,413,382 $9,722,388 + Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year $12,444,339 $10,030,014 $9,814,556 + Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years $1,386,721 $(616,535) $(1,773,893) + Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year $— $— $— + Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year $476,395 $515,623 $(1,042,616) - Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year $— $— $— = Compensation Actually Paid $15,975,930 $11,275,932 $8,128,462 NEO Average 2021 2022 2023 Summary Compensation Table - Total Compensation $2,696,751 $3,342,790 $3,237,743 - Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year $1,808,753 $2,491,707 $2,559,448 + Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year $3,552,227 $2,655,470 $2,185,843 + Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years $296,856 $(165,930) $(924,865) + Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year $— $— $287,324 + Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year $26,131 $193,528 $(209,402) - Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year $— $— $310,496 = Compensation Actually Paid $4,763,212 $3,534,151 $1,706,699 | ||
Non-PEO NEO Average Total Compensation Amount | $ 3,237,743 | 3,342,790 | 2,696,751 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 1,706,699 | 3,534,151 | 4,763,212 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | The dollar amounts reported in these columns represent the amount of “compensation actually paid” to our PEO and Non-PEO NEOs in each respective year. The dollar amounts do not reflect the actual amount of compensation earned or received during the applicable fiscal year. There are no material differences between the assumptions used to compute the valuation of the equity awards for calculating the compensation actually paid from the assumptions used to compute the valuation of such equity awards as of the grant date. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the total compensation of our PEO and non-PEO NEOs for each year to determine the “compensation actually paid”: PEO 2021 2022 2023 Summary Compensation Table - Total Compensation $8,004,986 $10,760,212 $10,852,803 - Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year $6,336,511 $9,413,382 $9,722,388 + Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year $12,444,339 $10,030,014 $9,814,556 + Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years $1,386,721 $(616,535) $(1,773,893) + Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year $— $— $— + Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year $476,395 $515,623 $(1,042,616) - Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year $— $— $— = Compensation Actually Paid $15,975,930 $11,275,932 $8,128,462 NEO Average 2021 2022 2023 Summary Compensation Table - Total Compensation $2,696,751 $3,342,790 $3,237,743 - Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year $1,808,753 $2,491,707 $2,559,448 + Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year $3,552,227 $2,655,470 $2,185,843 + Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years $296,856 $(165,930) $(924,865) + Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year $— $— $287,324 + Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year $26,131 $193,528 $(209,402) - Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year $— $— $310,496 = Compensation Actually Paid $4,763,212 $3,534,151 $1,706,699 | ||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | The following graph illustrates the relationship between compensation actually paid to our PEO and our non-PEO NEOs and our TSR for the period presented in the Pay-Versus-Performance table. | ||
Compensation Actually Paid vs. Net Income [Text Block] | The following graph illustrates the relationship between compensation actually paid to our PEO and our non-PEO NEOs and our net income for the period presented in the Pay-Versus-Performance table. | ||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | The following graph illustrates the relationship between compensation actually paid to our PEO and our non-PEO NEOs and our revenue for the period presented in the Pay-Versus-Performance table. | ||
Total Shareholder Return Vs Peer Group [Text Block] | The following graph illustrates the relationship between compensation actually paid to our PEO and our non-PEO NEOs and our TSR for the period presented in the Pay-Versus-Performance table. | ||
Tabular List [Table Text Block] | Company Performance Measures Revenue Non-GAAP EBIT Relative Total Shareholder Return ARR | ||
Total Shareholder Return Amount | $ 140 | 164 | 159 |
Peer Group Total Shareholder Return Amount | 189 | 211 | 175 |
Net Income (Loss) | $ (35,774,000) | $ 33,624,000 | $ (30,954,000) |
Company Selected Measure Amount | 784,590,000 | 769,591,000 | 723,472,000 |
PEO Name | Sanjay Mirchandani | Sanjay Mirchandani | Sanjay Mirchandani |
Additional 402(v) Disclosure [Text Block] | Pursuant to SEC rules, the comparison assumes $100 was invested on March 31, 2020. Historical stock price performance is not necessarily indicative of future stock price performance.The measure has been designated as the “Company-Selected Measure” for fiscal year 2023, in accordance with SEC rules, and represents the most important financial performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to our NEOs in fiscal year 2023. | ||
Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Revenue | ||
Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Non-GAAP EBIT | ||
Measure [Axis]: 3 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Relative Total Shareholder Return | ||
Measure [Axis]: 4 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | ARR | ||
PEO [Member] | Stock Awards and Option Awards Granted in Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 9,722,388 | $ 9,413,382 | $ 6,336,511 |
PEO [Member] | Stock Awards and Option Awards Granted in Fiscal Year, Outstanding and Unvested [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 9,814,556 | 10,030,014 | 12,444,339 |
PEO [Member] | Stock Awards and Option Awards Granted in Prior Fiscal Years, Outstanding and Unvested, Change in Fair Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,773,893) | (616,535) | 1,386,721 |
PEO [Member] | Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | 0 |
PEO [Member] | Stock Awards and Option Awards Granted in Prior Fiscal Years, Change in Fair Value as of Vesting Date [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,042,616) | 515,623 | 476,395 |
PEO [Member] | Stock Awards and Option Awards Granted in Fiscal Years That Failed to Meet Applicable Vesting Conditions [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | 0 |
Non-PEO NEO [Member] | Stock Awards and Option Awards Granted in Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 2,559,448 | 2,491,707 | 1,808,753 |
Non-PEO NEO [Member] | Stock Awards and Option Awards Granted in Fiscal Year, Outstanding and Unvested [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 2,185,843 | 2,655,470 | 3,552,227 |
Non-PEO NEO [Member] | Stock Awards and Option Awards Granted in Prior Fiscal Years, Outstanding and Unvested, Change in Fair Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (924,865) | (165,930) | 296,856 |
Non-PEO NEO [Member] | Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 287,324 | 0 | 0 |
Non-PEO NEO [Member] | Stock Awards and Option Awards Granted in Prior Fiscal Years, Change in Fair Value as of Vesting Date [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (209,402) | 193,528 | 26,131 |
Non-PEO NEO [Member] | Stock Awards and Option Awards Granted in Fiscal Years That Failed to Meet Applicable Vesting Conditions [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 310,496 | $ 0 | $ 0 |