Company: FSLY
Filing Date: 2025-06-16
Form Type: 8-K
Source: 0001517413-25-000178
Chunk: 1

Company: Fastly, Inc.
Filing Date: 2025-06-16
Form: 8-K
Item: Item 5.02
Chunk 1
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 equity award having an aggregate value of $5,000,000, determined in accordance with Company policy but using a minimum conversion value of $9 per share, that covers shares of the Company’s Class A common stock, 50% of which will be comprised of restricted stock units (“ RSUs”), 35% of which will be comprised of performance stock units (“ PSUs”) that vest based on the achievement of financial metrics and 15% of which will be comprised of PSUs that vest based on the achievement of total stockholder return relative to the Company’s peer group. Such RSUs and PSUs will be issued pursuant to the Company’s 2019 Equity Incentive Plan. Mr. Compton is eligible for an annual performance-based bonus, with a target amount equal to $500,000, pursuant to the Company’s bonus plan. Pursuant to the terms of the Company’s 2025 Bonus Plan, as previously approved by the Board, Mr. Compton will be eligible to receive a pro-rated bonus for 2025 performance with a target amount of $500,000, payable in the form of RSUs. Mr. Compton will be eligible to participate in the Company’s Executive Change in Control and Severance Benefit Plan, a copy of which was filed with the Securities and Exchange Commission (the “ SEC”) as an exhibit to the Company’s Registration Statement on Form S-1 filed with the SEC on May 6, 2019, subject to certain adjustments described in the Offer Letter.

The foregoing description of the Offer Letter with Mr. Compton is qualified in its entirety by reference to the Offer Letter, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K. Mr. Compton will also enter into an indemnification agreement with the Company in the form previously approved by the Board and filed with the SEC.

There are no arrangements or understandings between Mr. Compton and any other person pursuant to which Mr. Compton was appointed as Chief Executive Officer and there are no family relationships between Mr. Compton and any director or other executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The press release announcing Mr. Compton’s appointment as the Chief Executive Officer and a director of the Company is attached hereto as Exhibit 99.1 and is filed herewith.

Item 7.01 Regulation FD Disclosure