CommVault Systems CEO Sanjay Mirchandani's 2022 pay jumps 34% to $11M
CommVault Systems reports 2022 executive compensation
By ExecPay News
Published: July 1, 2022
CommVault Systems reported fiscal year 2022 executive compensation information on July 1, 2022.
In 2022, three executives at CommVault Systems received on average a compensation package of $5.8M, a 30% increase compared to previous year.
Average pay of disclosed executives at CommVault Systems
Sanjay Mirchandani, Chief Executive Officer, received $11M in total, which increased by 34% compared to 2021. 87% of Mirchandani's compensation, or $9.4M, was in stock awards. Mirchandani also received $652K in non-equity incentive plan, $634K in salary, as well as $61K in other compensation.
For fiscal year 2022, the median employee pay was $116,953 at CommVault Systems. Therefore, the ratio of Sanjay Mirchandani's pay to the median employee pay was 92 to one.
Riccardo Di Blasio, Chief Revenue Officer, received a compensation package of $3.8M, which increased by 50% compared to previous year. 73% of the compensation package, or $2.8M, was in stock awards.
Brian Carolan, Chief Financial Officer, earned $2.9M in 2022, a 1% increase compared to previous year.
CommVault Systems' fiscal year ends on March 31.
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Source: SEC filing on July 1, 2022.