CommVault Systems CEO Sanjay Mirchandani's 2021 pay jumps 31% to $8M
CommVault Systems reports 2021 executive compensation
By ExecPay News
Published: June 25, 2021
CommVault Systems reported fiscal year 2021 executive compensation information on June 25, 2021.
In 2021, three executives at CommVault Systems received on average a compensation package of $4.5M, a 23% increase compared to previous year.
Average pay of disclosed executives at CommVault Systems
Sanjay Mirchandani, Chief Executive Officer, received $8M in total, which increased by 31% compared to 2020. 79% of Mirchandani's compensation, or $6.3M, was in stock awards. Mirchandani also received $875K in non-equity incentive plan, $506K in salary, as well as $288K in other compensation.
For fiscal year 2021, the median employee pay was $119,534 at CommVault Systems. Therefore, the ratio of Sanjay Mirchandani's pay to the median employee pay was 67 to one.
Brian Carolan, Chief Financial Officer, received a compensation package of $2.9M, which increased by 10% compared to previous year. 73% of the compensation package, or $2.1M, was in stock awards.
Riccardo Di Blasio, Vice President and Chief Revenue Officer, earned $2.5M in 2021, a 16% increase compared to previous year.
CommVault Systems' fiscal year ends on March 31.
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Source: SEC filing on June 25, 2021.