Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 75

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 75
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| (5) | The peer group is the following published industry index: S&P 500 Information Technology Index. |

| (6) | While the Company uses numerous financial and non-financial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined thatRevenueis the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to Company performance. |

52 | 2025 PROXY STATEMENT

TABLE OF CONTENTS

Required Disclosure of the Relationship Between Compensation Actually Paid and Financial Performance Measures As required by Item 402(v) of Regulation S-K, we are providing the following graphs to illustrate the relationship between the CAP and performance figures that are included in the pay versus performance tabular disclosure above. In addition, the first graph below further illustrates the relationship between Company total stockholder return and that of the S&P 500 Information Technology Index. As noted above, CAP for purposes of the tabular disclosure and the following graphs were calculated in accordance with SEC rules and do not fully represent the actual final amount of compensation earned by or actually paid to our NEOs during the applicable years. CAP and Cumulative TSR / Cumulative TSR of the Peer Group CAP and Net Income

| * | 2020 Net Income has been corrected from prior year’s disclosure graph, which inadvertently reported 2022 Net Income as 2020 Net Income |

2025 PROXY STATEMENT | 53

TABLE OF CONTENTS

CAP and Revenue Tabular List for 2024 Fiscal Year As described in greater detail in “Executive Compensation – Compensation Discussion and Analysis,” the Company’s executive compensation program reflects a variable pay-for-performance philosophy. The metrics that the Company uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our stockholders. The two financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:

| • | Revenue |

| • | Non-GAAP Operating Loss(1) |

| (1) | Please refer to Appendix A of this Proxy Statement for a reconciliation of non-GAAP financial measures to their corresponding U.S. GAAP measures. |

All information provided above under the “