Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 21

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 21
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 has also received the written disclosures and the letter from the independent registered public accounting firm required by applicable requirements of the PCAOB regarding the independent accountants’ communications with the Audit Committee concerning independence, and has discussed the accounting firm’s independence with the independent registered public accounting firm. Based on the foregoing, the Audit Committee has recommended to the Board of Directors that the audited financial statements be included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Respectfully submitted by the members of the Audit Committee of the Board of Directors: Mr. Paisley (Chairperson) Mr. Daniels Ms. Loop Compensation Committee

Our Compensation Committee consists of three directors, Ms. Álvarez, Mr. Hornik, and Mr. Meyers, each of whom our Board of Directors has determined is a non-employee member of our Board of Directors as defined in Rule 16b-3 under the Exchange Act. The composition of our Compensation Committee meets the requirements for independence under current listing standards of the NYSE and current SEC rules and regulations. The principal duties and responsibilities of our Compensation Committee include, among other things:

| • | reviewing and approving, or recommending that our Board of Directors approve, the compensation of our executive officers, including evaluating the performance of our chief executive officer and, with his assistance, that of our other executive officers; |

| • | reviewing and recommending to our Board of Directors the compensation of our non-employee directors; |

| • | reviewing and approving, or recommending that our Board of Directors approve, the terms of compensatory arrangements with our executive officers; |

| • | reviewing and approving the list of companies used to benchmark our compensation practices and programs; |

| • | administering our equity and non-equity incentive plans; |

| • | assisting the Board of Directors in its oversight of the development, implementation and effectiveness of our policies and strategies relating to our human capital management function; |

| • | reviewing and approving, or recommending that our Board of Directors approve, incentive compensation, equity plans and, as applicable, clawback policies; and |

| • | reviewing and establishing general policies relating to compensation and benefits of our employees and reviewing our overall compensation philosophy. |

Our Compensation Committee operates under a written charter that satisfies the applicable rules of the SEC and the listing standards of the NYSE. The Compensation Committee met four times in 2024.

2025 PROXY STATEMENT | 15

TABLE OF CONTENTS

Report of the Compensation Committee of the Board of Directors